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Profit-maximizing price be for this monopolist

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1. Suppose a monopolist faces the demand curve P=162-2Q. The monopolist's marginal costs are a constant $27 and they have fixed costs equal to $55. Given this information, what will the profit-maximizing price be for this monopolist?

(Round your answer to two decimal places. Do not use a $ sign.)

2. Suppose a monopolist faces the demand curve P=157-2Q. The monopolist's marginal costs are a constant $28 and they have fixed costs equal to $145. Given this information, what are the maximum profits this firm can earn?

(Round your answer to two decimal places. Do not use a $ sign.)

3. Suppose a monopolist faces the demand curve P=153-3Q. The monopolist's marginal costs are a constant $18 and they have fixed costs equal to %113. Given this information, if the firm maximizes their profits, what would be the size of the deadweight loss in this market?

(Round your answer to two decimal places. Do not use a $ sign.)

Reference no: EM131709277

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