Consider a monopolist facing market demand

Assignment Help Microeconomics
Reference no: EM132414677

Consider a monopolist facing market demand P=100-Q. Suppose this monopolist has constant marginal cost of $40 and fixed cost of $20. Derive this monopolist's profit-maximizing quantity, profit maximizing price, profit earned, consumer surplus, producer surplus and deadweight loss resulting from the existence of this monopoly.

Reference no: EM132414677

Questions Cloud

How might nurses utilizing telehealth benefit from resources : For this discussion you will: Identify one of the resources at the CDC Wonder site above and describe how a nurse might use this information in practice.
What will total profits be for each of firms : If none of the four firms cheats on the agreement, what will total profits be for each of these firms?
What is the price consumers pay : After the tax is imposed, what is the price consumers pay, the price producers receive, producer surplus, consumer surplus, the total welfare, and the deadweigh
Demonstrate effective communication strategies and teamwork : Demonstrate effective communication strategies and teamwork in managing the healthcare of individuals, families, aggregates, and communities.
Consider a monopolist facing market demand : Consider a monopolist facing market demand P=100-Q. Suppose this monopolist has constant marginal cost of $40 and fixed cost of $20.
Calculate consumer surplus-producer surplus : Suppose this monopolist has constant marginal cost of $20 and zero fixed cost. Calculate consumer surplus, producer surplus, and total welfare in this market.
What is the quantity produced in the competitive equilibrium : What is the quantity produced in the competitive equilibrium? Q= What is the price in the competitive equilibrium? P=
Purpose of data visualization is to support the exploration : Following Stephen Few, the purpose of data visualization is to support the exploration, sense making, and communication of data (Few 2009).
Replacing the monopoly with perfectly competitive firms : In a monopoly market where production generates a positive externality social welfare is always increased by replacing the monopoly with perfectly competitive

Reviews

Write a Review

Microeconomics Questions & Answers

  Which tax cut do you believe is more beneficial

In the last few years, the Federal government cut the GST (the federal sales tax on goods and services which Ontario later blended into the PST to create.

  Are all of indicator a sign of a strong or weak labor market

Since 1980, the U.S. population has grown 37%, while employment has risen by 44%, or nearly 20% faster than population. How can it be true that employment.

  Identify at least four pitfalls that exist for organizations

Provide a brief overview of the job evaluation process, including the importance of compensable factors. Detail the compensable factors of a position you are familiar with and their impact on that position's salary, and you may want to reference.

  Find percentage difference between actual and maximum profit

Find the percentage differences between actual and maximum profits, and actual and profit-maximizing levels of output.

  What is the optimal reorder point without instantaneous

the wholesale distributor has traditionally relied upon an instantaneous receipt model in which the material associated

  Profit-maximizing price and output levels for paradise shoes

Describe your answer for each item below in complete sentences, whenever it is necessary - Describe and derive an expression for the marginal cost curve.

  Write the best estimated average variable cost equation for

estimating scale and learning economies for a memory chip intel the monthly data 198305-198410 on unit costs and

  Why economists make assumptions

Why economists make assumptions? Explain the difference between a positive and a normative statement. Why economists usually oppose controls on prices?

  Distinction between the short-run and long-run economic view

distinction between the short-run and long-run economic views

  Describe three key inputs and variable costs

Describe three key inputs (or factors of production) and fixed and variable costs involved in the production of your chosen product or service.

  Problem related to the samuel adams

Groceries for the Gourmet Palate No food, it seems, is safe from being repackaged to look like an upscale product. Samuel Adams' $120 Utopias, in a ridiculous.

  The former ibm chairman louis gerstner''s comment

Relate to the former IBM chairman Louis Gerstner's comment "all about cycle time, speed, globalization, enhanced productivity, reaching new customers, and sharing knowledge across institutions for competitive advantage." Can you relate what you have ..

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd