How much would be produced if this was a competitive market

Assignment Help Econometrics

Reference no: EM13200454

A monopolist faces demand given by: P = 100 - 0.4Qd, and has marginal costs given by MC = 10 + 0.2Q

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.

Reference no: EM13200454

Questions Cloud

Determine the length of each side : a triangle has sides that are of unknown lengths, but if one side is 12 x, the other sides are 5x and 6 x. Its perimeter is 52 inches. Determine the length of each side, show the steps of your answer clearly, check your answer and then state you a..

Patient and caregiver roles matrix : Patients and caregivers may conform to a specific role during a health care visit. This usually happens because of cultural background or the upbringing of either the patient or the caregiver.

How far from home is ben : Mary works due north of home. Her husband Ben works due east. They leave at the same time, Mary is 5 miles from home, the distance between them is 1 mile more than Ben's distance from home. How far from home is Ben?

Find out the amplitude of the motion : A person bounces up and down on a trampoline, while always staying in contact with it. The motion is simple harmonic motion, and it takes 1.98 s to complete one cycle. The height of each bounce above the equilibrium position is 54.0 cm.

How much would be produced if this was a competitive market : A monopolist faces demand given by: P = 100 - 0.4Qd, and has marginal costs given by MC = 10 + 0.2Q a. draw the demand, marginal revenue and marginal cost curves. Calculate and show how much this firm will sell and what they will charge.

Find the volume of the solid obtained by rotating the region : Find the volume of the solid obtained by rotating the region bounded by Y=1/x^2 , y=0 , x=1 ,x=3 ,about the line x=0 .

How many should the manager purchase : If the manager of the retail store wants to be sure that hehas enough suits for the next 5 days, how many should the manager purchase?

State what is the speed of the wind : the plane travels 613 miles against the wind and 1122 miles with the wind in a total time of 18 hours. What is the speed of the wind?

Facility claims processing and provider claims processing : what are the differences between facility (hospital) claims processing and provider claims processing?

User Account

All Pages