Solution-Give an example of a government-created monopoly

i. Give an example of a government-created monopoly. Is creating this monopoly necessarily bad public policy? Explain.

ii. Define natural monopoly. What does the size of a market have to do with whether an industry is a natural monopoly?

iii. Why is a monopolist's marginal revenue less than the price of its good? Can marginal revenue ever be negative? Explain.

What is the efficient scale of yasir tea stall : i. Calculate variable cost, average fixed cost, average variable cost, average total cost, and marginal cost.

Indifference curve for consumption and leisure : Draw a figure showing Saima's budget constraint, her indifference curve for consumption and leisure and her optimum.

Developing a new form of weight loss supplement : What would the implicit costs associated with developing a new form of weight loss supplement?

Difference between individual demand and market demand : How does supply differs from individual supply, and explain the difference between individual demand and market demand.

Give an example of a government-created monopoly : i. Give an example of a government-created monopoly. Is creating this monopoly necessarily bad public policy? Explain.

Make a distinction between price ceilings and price floors : 2.a) Make a distinction between price ceilings and Price floors.(Give examples of each of the price controls.

Determine the equilibrium prices and quantities for adults : Determine the equilibrium prices and quantities for adults and children. Explain your reasoning.

Describe the nature of the incentive conflict : a. Describe the nature of the incentive conflict between VCs and the managers.

Contrast the price elasticity of supply : Compare and contrast the price elasticity of supply and the price elasticity of demand