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1. Manufacturer of electronics products has just developed handheld computer (monopoly). The cost schedule for producing these computers are given below.

Total Output
Price $
ATC
0
1650
$0
1
1750
2281
2
1490
1634
3
1410
1342
4
1330
1156
5
1250
1025
6
1170
933
7
1090
872
8
1010
839
9
930
832
10
850
850

a) Compute TR, MR, and TC.

b) What price must firm charge if it wants to maximize it profit in short run?

2. As more than 90% of personal computer users buy Microsoft Window and their demands are very inelastic, Microsoft has strong monopoly power. Microsoft's profit-maximizing monopoly price for Window XP/Vista is between $900 and $2,000.

a) Which is amount Microsoft would charge if it acted like regular monopolist, so why does Microsoft charge only $100-300 for Window XP/Vista?

b) Does Microsoft not maximize its profit?

c) Do you know other suitable exs that monopoly producers charge less than profit-maximizing monopoly prices? Give your group's response to this problem.

Microeconomics, Economics

  • Category:- Microeconomics
  • Reference No.:- M922853

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