Please help with the following problems. Provide step by step calculations.
A monopolist produces trinkets at $2/unit. The demand for trinkets as a function of unit price p is: D(p) = 100-p.
1) At a unit price of $10, what will the demand be?
2) At a unit price of $10, what will total revenue be?
3) At a unit price of $
A monopolist has a constant marginal and average cost of $10 and faces a demand curve of QD = 1000-10P. Marginal revenue is given by MR = 100 -1/5Q.
Calculate the monopolist's profit-maximizing quantity, price and profit.
Please see the attached file.
Consider the following monopoly that produces paperback books:
Fixed Costs = $1,000 MarginalCosts = $1 (and is constant)
A) Draw the average total cost curve and the marginalcost curve on the same graph.
B) Assume that all households have the same demand schedule, given by the following rela
Please help with the following problem. Provide step by step calculations for each.
The following information about a monopoly is given:
Demand: Q = 40-2P(Q) Average cost: AC(Q) = Q
MarginalCost: MC(Q) = 2(Q)
(a) Derive the marginal revenue equation
(b) Find the quantity at which
Please see the attached file for graphs.
1) Figure 6.2 shows the cost structure of a firm in a perfectly competitive market. If the market price is $10 and the firm chooses the profit maximizing output level, what is its profit?
2) What will the firm produce from the figure above?
What will the firm charge?
1). Suppose the demand curve for a monopolist is Qd = 500 - P, and the marginal revenue function is MR = 500 - 2Q. The monopolist has a constant marginal and average total cost of $50 per unit.
a). Find the monopolist's profit-maximizing output and price.
b). Calculate the monopolist's profit.
c). What is the Lerner ind
1. The following table shows data for a simple production function.
Capital(K) Labor(L) Total Product(TP) Average Product(AP) Marginal Product(MP)
Column 1 numbers = Capital ; Column 2 numbers = Labor; Column 3 numbers= Total Product
10 0 0
Se the attached file.
Consider a monopolist facing a market demand curve given by q = 186- p(q). The monopolist's fixed costs and variable costs are equal to Cf = 2400 and C(q) = q2 /10 +10q, respectively ........(in the latter equation its actually q squared over ten plus ten q)
a) the monopolist's price-qua
A monopolist produces a single homogeneous good, which she sells in two distinct markets
between which price discrimination is possible. Her total cost function is:
TC = 1/3 Q3 - 7.5Q2 + 370Q + 100
The demand curves in the two markets are given by:
q1 = 80 - 0.2p1 and q2= Ap2-5
The monopolist achieves a pro