User Account

All Pages

What are the profit-maximizing price and quantity

Assignment Help Business Economics
Reference no: EM132456999

Suppose that a monopolist faces market demand of P = 400 - 2Q and a cost function of C = Q^2 + 100Q + 100.

a) On a well-labeled graph, show the marginal cost, average revenue, and marginal revenue in this market.

b) What are the profit-maximizing price and quantity for the monopolist?

c) Suppose that instead, the monopolist is able to use perfect price discrimination. What is the lowest price that the firm will sell at?

d) Compare the consumer surplus, producer surplus and deadweight loss in parts b and c.

Reference no: EM132456999

Questions Cloud

Present a problem for the economy : Many were concerned with the very large increase in stockvalues in the late 1990s. Does this present a problem for theeconomy? Explain.
Perfect first-degree price discrimination : In terms of surplus, in what ways is this better for the market than monopoly pricing, and how is it worse? Use a graph if needed
Explain testing software for security issues : List and explain at least two things you can achieve by testing software for security Issues.article related to Information Security/Information Technology
Eliminate the social cost of monopoly power : Explain why this might not eliminate the social cost of monopoly power (i.e. how might the social cost of a monopoly exceed the deadweight loss seen on a graph?
What are the profit-maximizing price and quantity : Suppose that a monopolist faces market demand of P = 400 - 2Q and a cost function of C = Q^2 + 100Q + 100.
Briefly describe the physical segmentation : Briefly describe the physical segmentation and microsegentation networking environments. Describe the difference between these two networking approaches.
How fiscal policy can be used to close : Explain how fiscal policy can be used to close the recessionary gap?
Discuss dress code for campbellsville university staff : What steps might you take to gain the cooperation of the third party after the policy has been initiated.dress code for Campbellsville University Staff
What is the growth rate of gdp per capita : What is the growth rate of its real GDP? Assume that population was 100 in year 1 and 102 in year 2. What is the growth rate of GDP per capita?

Reviews

Write a Review

Business Economics Questions & Answers

  Economics assignment

This document contains various important questions and their appropriate answers in the subject field of Economics.

  Demand and supply curves

Economics is the study of the principles governing the allocation of scarce means among competing ends when the objective of the allocation is to maximize the attainment of the ends.

  Long-run perfectly competitive equilibrium for the firm

Evaluate Government intervene and correct this situation?(a) Explain the concept of a concentration ratio. A rise in the price of magarine Explain the impact of external costs and external benefits on resource allocation long-run perfectly c..

  Supply and demand diagrams

Explain each of the following using supply and demand diagrams,  With the use of a graph, explain how these two programs affect cigarette consumption and the price of cigarettes.

  Case study: fisher-price toys

The case study of the Fisher-Price Toys, Inc., a popular case in basic economics and management from the prestigious Harvard Business School.

  Draw the production possibility curve

Draw the production possibility curve and a. Define consumer surplus and producer surplus.

  Tax revenue

The Australian government administers two programs that affect the market for cigarettes

  Maximize total welfare

How many tickets to sell to maximize total welfare.

  Difference between the cv and the ev

The change in consumer surplus (?CS) is not "theoretically" justifiable like the CV and EV but it continues to be the most widely used measure of consumer welfare change. Explain how this can be reconciled

  Depict von neumann-morgenstern utility index u in a diagram

Depict the von Neumann-Morgenstern utility index u in a diagram

  What is the market solution

What is the market solution (market price and quantity) and What is the total surplus of the society under the market solution

  Calculate gross national product and net national product

Calculate gross national product and net national product

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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

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