Principles of Engineering Economic Analysis
6th Edition
ISBN: 9781118163832
Author: John A. White, Kenneth E. Case, David B. Pratt
Publisher: Wiley, John & Sons, Incorporated
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Question
Chapter 2, Problem 104P
To determine
Calculate the future worth.
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Prepare an elevator pitch you would use to present
yourself at a networking event. Introduce yourself,
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Microeconomics
Unit 4 Practice Sheet
Riya
Price
Part 1: Monopoly- Use the graph of a
non-price discriminating monopoly to
answer the following questions. Show
your work when asked to calculate.
$160
$140
1. Identify the profit maximizing price and
quantity.
$120
MC
2. Calculate the total revenue at the profit $100
maximizing price and quantity.
ATC
$80
3. Calculate the total cost at the profit
maximizing price and quantity.
$60
4. Calculate the profit or loss at the profit
maximizing price and quantity.
$40
5. Calculate the area of deadweight loss.
$20
6. Identify the socially optimal
MR
D
(allocatively efficient) price and
quantity.
7. Identify the price and quantity where
the total revenue is maximized.
0 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18
Quantity
8. At the price of $120, is the demand relatively elastic, relatively inelastic, or unit elastic? Why?
9. Identify the price and quantity if this monopoly's fixed costs increase by $140.
10. Identify the profit maximizing price…
Chapter 2 Solutions
Principles of Engineering Economic Analysis
Ch. 2.A - Prob. 172PCh. 2.A - Prob. 173PCh. 2.A - Prob. 174PCh. 2.A - Prob. 175PCh. 2.A - Prob. 176PCh. 2.A - Prob. 177PCh. 2.A - Prob. 178PCh. 2.A - Prob. 179PCh. 2.A - Prob. 180PCh. 2 - Prob. 1PS
Ch. 2 - Prob. 2PSCh. 2 - Prob. 3PSCh. 2 - Prob. 4PSCh. 2 - Prob. 5PSCh. 2 - Prob. 1FECh. 2 - Prob. 2FECh. 2 - Prob. 3FECh. 2 - Prob. 4FECh. 2 - Prob. 5FECh. 2 - Prob. 6FECh. 2 - Prob. 7FECh. 2 - Prob. 8FECh. 2 - Prob. 9FECh. 2 - Prob. 10FECh. 2 - Prob. 11FECh. 2 - Prob. 12FECh. 2 - Prob. 13FECh. 2 - Prob. 14FECh. 2 - Prob. 1PCh. 2 - Prob. 2PCh. 2 - Prob. 3PCh. 2 - Prob. 4PCh. 2 - Prob. 5PCh. 2 - Prob. 6PCh. 2 - Prob. 7PCh. 2 - Prob. 8PCh. 2 - Prob. 9PCh. 2 - Prob. 10PCh. 2 - Prob. 11PCh. 2 - Prob. 12PCh. 2 - Prob. 13PCh. 2 - Prob. 14PCh. 2 - Prob. 15PCh. 2 - Prob. 16PCh. 2 - Prob. 17PCh. 2 - Prob. 18PCh. 2 - Prob. 19PCh. 2 - Prob. 20PCh. 2 - Prob. 21PCh. 2 - Prob. 22PCh. 2 - Prob. 23PCh. 2 - Prob. 24PCh. 2 - Prob. 25PCh. 2 - Prob. 26PCh. 2 - Prob. 27PCh. 2 - Prob. 28PCh. 2 - Prob. 29PCh. 2 - Prob. 30PCh. 2 - Prob. 31PCh. 2 - Prob. 32PCh. 2 - Prob. 33PCh. 2 - Prob. 34PCh. 2 - Prob. 35PCh. 2 - Prob. 36PCh. 2 - Prob. 37PCh. 2 - Prob. 38PCh. 2 - Prob. 39PCh. 2 - Prob. 40PCh. 2 - Prob. 41PCh. 2 - Prob. 42PCh. 2 - Prob. 43PCh. 2 - Prob. 44PCh. 2 - Prob. 45PCh. 2 - Prob. 46PCh. 2 - Prob. 47PCh. 2 - Prob. 48PCh. 2 - Prob. 49PCh. 2 - Prob. 50PCh. 2 - Prob. 51PCh. 2 - Prob. 52PCh. 2 - Prob. 53PCh. 2 - Prob. 54PCh. 2 - Prob. 55PCh. 2 - Prob. 56PCh. 2 - Prob. 57PCh. 2 - Prob. 58PCh. 2 - Prob. 59PCh. 2 - Prob. 60PCh. 2 - Prob. 61PCh. 2 - Prob. 62PCh. 2 - Prob. 63PCh. 2 - Prob. 64PCh. 2 - Prob. 65PCh. 2 - Prob. 66PCh. 2 - Prob. 67PCh. 2 - Prob. 68PCh. 2 - Prob. 69PCh. 2 - Prob. 70PCh. 2 - Prob. 71PCh. 2 - Prob. 72PCh. 2 - Prob. 73PCh. 2 - Prob. 74PCh. 2 - Prob. 75PCh. 2 - Prob. 76PCh. 2 - Prob. 77PCh. 2 - Prob. 78PCh. 2 - Prob. 79PCh. 2 - Prob. 80PCh. 2 - Prob. 81PCh. 2 - Prob. 82PCh. 2 - Prob. 83PCh. 2 - Prob. 84PCh. 2 - Prob. 85PCh. 2 - Prob. 86PCh. 2 - Prob. 87PCh. 2 - Prob. 88PCh. 2 - Prob. 89PCh. 2 - Prob. 90PCh. 2 - Prob. 91PCh. 2 - Prob. 92PCh. 2 - Prob. 93PCh. 2 - Prob. 94PCh. 2 - Prob. 95PCh. 2 - Prob. 96PCh. 2 - Prob. 97PCh. 2 - Prob. 98PCh. 2 - Prob. 99PCh. 2 - Prob. 100PCh. 2 - Prob. 101PCh. 2 - Prob. 102PCh. 2 - Prob. 103PCh. 2 - Prob. 104PCh. 2 - Prob. 105PCh. 2 - Prob. 106PCh. 2 - Prob. 107PCh. 2 - Prob. 108PCh. 2 - Prob. 109PCh. 2 - Prob. 110PCh. 2 - Prob. 111PCh. 2 - Prob. 112PCh. 2 - Prob. 113PCh. 2 - Prob. 114PCh. 2 - Prob. 115PCh. 2 - Prob. 116PCh. 2 - Prob. 117PCh. 2 - Prob. 118PCh. 2 - Prob. 119PCh. 2 - Prob. 120PCh. 2 - Prob. 121PCh. 2 - Prob. 122PCh. 2 - Prob. 123PCh. 2 - Prob. 124PCh. 2 - Prob. 125PCh. 2 - Prob. 126PCh. 2 - Prob. 127PCh. 2 - Prob. 128PCh. 2 - Prob. 129PCh. 2 - Prob. 130PCh. 2 - Prob. 131PCh. 2 - Prob. 132PCh. 2 - Prob. 133PCh. 2 - Prob. 134PCh. 2 - Prob. 135PCh. 2 - Prob. 136PCh. 2 - Prob. 137PCh. 2 - Prob. 138PCh. 2 - Prob. 139PCh. 2 - Prob. 140PCh. 2 - Prob. 141PCh. 2 - Prob. 142PCh. 2 - Prob. 143PCh. 2 - Prob. 144PCh. 2 - Prob. 145PCh. 2 - Prob. 146PCh. 2 - Prob. 147PCh. 2 - Prob. 148PCh. 2 - Prob. 149PCh. 2 - Prob. 150PCh. 2 - Prob. 151PCh. 2 - Prob. 152PCh. 2 - Prob. 153PCh. 2 - Prob. 154PCh. 2 - Prob. 155PCh. 2 - Prob. 156PCh. 2 - Prob. 157PCh. 2 - Prob. 158PCh. 2 - Prob. 159PCh. 2 - Prob. 160PCh. 2 - Prob. 161PCh. 2 - Prob. 162PCh. 2 - Prob. 163PCh. 2 - Prob. 164PCh. 2 - Prob. 165PCh. 2 - Prob. 166PCh. 2 - Prob. 167PCh. 2 - Prob. 168PCh. 2 - Prob. 169PCh. 2 - Prob. 170PCh. 2 - Prob. 171P
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