(Answered) Poblem - a monopolist faces demand given by p 100

Economics

Problem - A monopolist faces demand given by: P = 100 - .4QD , and has marginal costs given by: MC = 10 + .2Q.

a. Draw the demand, marginal revenue and marginal cost curves. Calculate and show how much this firm will sell and what they will charge.

b. Calculate the producer surplus with monopoly and the consumer surplus with monopoly.

c. How much would be produced if this was a competitive market? What would be the price?

d. Calculate the consumer and producer surplus for a competitive market.

e. Calculate the DWL of the monopoly (if any).

View complete question

Microeconomics, Economics

Category:- Microeconomics
Reference No.:- M92383280
Price:- $25

Verified Expert

Priced at $50 Now at $25, Verified Solution

Have any Question?Write your Review or question?

Related Questions in Microeconomics

Question the prisoners dilemma provides insight into much

Question: The prisoners' dilemma provides insight into much more than price-fixing, as the next three questions indicate.53 a. People often complain that conversations at cocktail parties (where there is no music) are so ...

Question an economy has a saving rate of s 08 a

Question: An economy has a saving rate of s= .08, a depreciation rate of .02, a population growth rate of n= .03, and a growth rate of effective labor of g= .05. a. the capital-output ratio, k/y, for this economy is: b. ...

Question if a coal mining company would be willing to

Question: If a coal mining company would be willing to produce and sell 9 million tons a year at $150/ton, but would be willing to produce and sell 11 million tons a year at $250/ton, - calculate its price elasticity of ...

Question the european union is home to more than 500

Question: The European Union is home to more than 500 million (mostly well-heeled) consumers, making it one of the largest and most attractive markets worldwide. As firms contemplate selling goods in the EU, they conduct ...

Qestion firms 1 and 2 compete on price the demand is q

Question: Firms 1 and 2 compete on price. The demand is Q = 100 - p, where p is the price. Consumers buy from the firm that sells more cheaply. If both firms sell at the same price, demand is divided equally. The margina ...

Question please develop a concise-but-thorough powerpoint

Question: Please develop a concise-but-thorough PowerPoint presentation on "The World Bank" that does not exceed five (5) slides. Slide 1: Title Slide with narration explaining the purpose of the organization or trade ag ...

Question a homogeneous products duopoly faces a market

Question: A homogeneous products duopoly faces a market demand function given by P = 300 - 3Q, where Q = Q1 + Q2. Both firms have a constant marginal cost MC = 100. What is the Cournot equilibrium quantity per firm and p ...

Question managing organizational change a multiple

Question: Managing Organizational Change: A Multiple Perspectives Approach 3nd edition By Ian Palmer and Richard Dunford and David Buchanan Lesson 1 Discussion This assignment will require you to research at least one of ...

Question assume there are only two producers of tennis

Question: Assume there are only two producers of tennis rackets: Wilson and Prince. The market demand for tennis rackets is depicted by the algebraic formula P = 100 - Q, where P stands for price and Q stands for quantit ...

Global poverty is an international issue other countries

Global poverty is an international issue. Other countries are inclined to look to the U.S. with its great wealth to take an active role in assisting poor nations. People here spend money trying to counter baldness while ...

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

Recent Questions

Ask Microeconomics Expert