Microeconomics
Microeconomics
11th Edition
ISBN: 9781260507140
Author: David C. Colander
Publisher: McGraw Hill Education
Question
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Chapter 14, Problem 9QE

(a)

To determine

Graphical representation of MC, ATC, MR, and demand curves of the monopolist.

(b)

To determine

The quantity of output produced by the monopolist.

(c)

To determine

The equilibrium level of output for a perfectly competitive firm.

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Consider the following demand and supply functions:Qd= 10-PQs=1+2pFind the equilibrium price and quantity, Producers and Consumer surpluses.Consider the tax size 3. What would be new CS and PS, TS and DL? (hint – it would be easierif you draw them)
WHAT IS IS-LM-PC
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