Ask Question, Ask an Expert

+1-415-315-9853

info@mywordsolution.com

Ask Business Economics Expert

With the table set price is equal to Marginal cost use an unregulated monopolist.  

In the table below are cost and demand data for a pure monopolist.

Quantity 

Price

Marginal Revenue

Average cost

Marginal cost

0

$105)00

 

 

 

1

96

$96)00

$144)00

$144)00

2

87

78

90

36

3

78

60

70.34

30

4

69

42

63

42

5

60

24

60

48

6

51

6

58)5

51

7

42

-12)00

57)86

54

8

33

-30.00

57)5

55)5

9

24

-48)00

57)33

56

A)  Illustrate what is the level of price, output, and amount of profit for an unregulated monopolist?

B)  Using the data in the table, illustrate what are the price, output, and profit for a regulated monopolist which sets price equal to marginal cost compared with an unregulated monopolist?

C)  Using the data in the table, illustrate what are the price, output, and profit for a regulated monopolist which charges a "fair-return" price compared with an unregulated monopolist?

D)  Analyze the effect of regulation on the allocation of resources.  Which situation is most efficient?  Which situation is most likely to be chosen by government?  Why?

Business Economics, Economics

  • Category:- Business Economics
  • Reference No.:- M917219

Have any Question? 


Related Questions in Business Economics

The 2015 income statement for duffyrsquos pest control

The 2015 income statement for Duffy’s Pest Control shows that depreciation expense was $206 million, EBIT was $522 million, and the tax rate was 30 percent. At the beginning of the year, the balance of gross fixed assets ...

1 use a simple sketch to show the location of t5s r6e

1) Use a simple sketch to show the location of T5S, R6E. Appropriately label the principal meridian, base line, and each of the range and township lines in the sketch. 2) Use a simple sketch to show the location of the p ...

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?

Alex and becky are partners at an architecture firm they

Alex and Becky are partners at an architecture firm. They are trying to determine which of them has a comparative advantage in building the 50 models required for a sales pitch to a prospective client. Alex can build 10 ...

Homework on ricardian model suppose in the united states

Homework on Ricardian Model. Suppose in the United States, one worker can produce 10 tons of steel per day or 20 tons of chemicals per day. In the United Kingdom, one worker can produce 5 tons of steel per day or 15 tons ...

Christopher bought a 125 ticket to attend nickelback

Christopher bought a $125 ticket to attend Nickelback concert in Red Rocks. Because it is his favorite rock group, he would be willing to pay up to $200 to attend the concert. However, his friend Keith invites Christophe ...

A major concern is a lack of funds for marketing as such

A major concern is a lack of funds for marketing. As such, Break-C will only be distributed in major metropolitan areas that account for 65% of U.S. breakfast drink market volume. Print ads will carry a coupon entitling ...

Boe manufacturing is trying to decide between two different

BOE Manufacturing is trying to decide between two different conveyor belt systems. System A costs $220,000, has a four-year life, and requires $70,000 in pretax annual operating costs. System B costs $312,000, has a six- ...

Show transcribed image text the following equation is part

Show transcribed image text The following equation is part of a nutrition-based efficiency wage model: Total calories Cals were regressed on the number of meals MG given to guests at ceremonies, the number of meals ME gi ...

1 which of the following is not a characteristic of a

1. Which of the following is NOT a characteristic of a perfectly competitive market? A) a large number of firms in a market B) selling a standardized product C) substantial barriers to entry D) an individual firm having ...

  • 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