Ask Question, Ask an Expert

+1-415-315-9853

info@mywordsolution.com

Ask Business Economics Expert

Calculating profit maximizing price, quantity and deadweight loss under monopoly.

(A)find out the profit maximizing price and quantity along with the firms profit of a monopolist company. I am given the demand curve equal to y=80-p and also AC=8 MC=8.

(B)What output would be produced under perfect competition assuming no change in costs?

(C)Compute the dead weight loss due to monopoly also assume that the costst were to rise under a competitive market.

(D) describe how much higher would they have to be such that the monopolist market would be considered the efficient market structure?

(E)Calulate consumer and producer surplus for problems A and B .

Business Economics, Economics

  • Category:- Business Economics
  • Reference No.:- M922797

Have any Question? 


Related Questions in Business Economics

A teacher has taught high school for twenty years and has

A teacher has taught high school for twenty years and has become increasingly annoyed with the disruption that tardiness creates. still, the teacher cares about all students and wants them to be successful. how would bia ...

Define the process groups and knowledge areas included in

Define the process groups and knowledge areas included in the portfolio management process and explain what happens in each area. How do these areas interact with one another as a group?

When countries buy from one another what currency do they

When countries buy from one another what currency do they use? If the US buys goods from Japan do they give them dollars that is equal to the amount of yen it is by the exchange rate, or do they exchange their dollars fo ...

Economics for businesschoose any one topic out of the

Economics for Business Choose any ONE topic out of the following list. • GDP- Compare Australia with any other advanced economy and discuss their GDP last 2 to 5 years and factors affecting their GDP • Unemployment - Dis ...

Discussion arrays and listssourceforge sourceforgenet

Discussion: Arrays and Lists SourceForge (sourceforge.net), JavaForge (javaforge.com), and Google Code (code.google.com). Pick any one of the 3 sites and Find a program that (A) uses at least one loop and a list effectiv ...

If the demand for movie tickets is elastic then a ed gt 1 b

If the demand for movie tickets is elastic, then A. Ed > 1. B. Ed

An economist estimated that the cost function of a

An economist estimated that the cost function of a single-product firm is: C(Q) = 60 + 25Q + 15Q2 + 10Q3. Based on this information, determine the following: a. The fixed cost of producing 10 units of output. $ b. The va ...

Response question return to the market failure you

Response question: Return to the market failure you identified in week 2. What policy mechanism would be best to address it? Why would other mechanisms be inappropriate? Would there be potential side effects? -Your answe ...

In 2014 chesterfield industries had sales of 1200000 the

In 2014, Chesterfield Industries had sales of $1,200,000. The company had operating expenses (including depreciation) of $540,000, depreciation expense of $82,000 and interest expense of $54,000. Cost of goods sold was $ ...

Dream businessplease respond to the followingbulldiscuss

Dream Business Please respond to the following: • Discuss the most innovative idea you can dream up for a new business. Explain why you think it would be successful. • Discuss the major challenges you would face in runni ...

  • 4,153,160 Questions Asked
  • 13,132 Experts
  • 2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

A cola-dispensing machine is set to dispense 9 ounces of

A cola-dispensing machine is set to dispense 9 ounces of cola per cup, with a standard deviation of 1.0 ounce. The manuf

What is marketingbullwhat is marketing think back to your

What is Marketing? • "What is marketing"? Think back to your impressions before you started this class versus how you

Question -your client david smith runs a small it

QUESTION - Your client, David Smith runs a small IT consulting business specialising in computer software and techno

Inspection of a random sample of 22 aircraft showed that 15

Inspection of a random sample of 22 aircraft showed that 15 needed repairs to fix a wiring problem that might compromise

Effective hrmquestionhow can an effective hrm system help

Effective HRM Question How can an effective HRM system help facilitate the achievement of an organization's strate