User Account

All Pages

What is the consumer surplus of monopoly

Assignment Help Microeconomics
Reference no: EM133314010

Consider a monopoly where the inverse demand for its product is given by P = 50 - 2Q. Total costs for this monopolist are estimated to be C(Q) = 100 + 2Q + Q2. What are the firm's Quantity, Price, Revenue and Profit at the profit-maximizing combination of output and price:

A. As described above (the firm is a monopolist), what are the (i) Quantity, (ii)Price, (iii) Revenue and (iv) Profit expected:

B. If, instead of being a monopolist, the firm were in perfect competition, what would be the (i) Quantity, (ii)Price, (iii) Revenue and (iv) Profit:

C. What is the Deadweight loss of the monopoly?

D. What is the Consumer Surplus of the monopoly?

Reference no: EM133314010

Questions Cloud

What regulations do you believe should be implemented : What regulations do you believe should be implemented, expanded, or limited given CRISPR's potential applications? Review the provided articles and submit
Concepts used to analyze situation of issue : The car was supposed to detect a person, and in the fallout Uber decided to suspend its self-driving programs, a blow to the advancement of the technology
Have you ever participated in any of these types : Have you ever participated in any of these types of sales? Do you think the internet has played a part in the increase or decline of these types of sales
What is the postmodernist account of scientific theories : What is the postmodernist account of scientific theories and scientific practice? How does it challenge the belief of scientists that their work reveals
What is the consumer surplus of monopoly : What is the Deadweight loss of the monopoly? What is the Consumer Surplus of the monopoly?
How has the role of government changes or not changed : How has the role of government changes or not changed in relation to individual freedom in the US between the 19th century and the late twentieth century?
Market forecast of the petroleum industry : Give market forecast of the petroleum industry considering the political, economical and social factor. provide credible sources and give as much details
What is umas and what was their goal : what were some of the personal experiences shared in the video regarding the school walk-our? why did students walk out, what were the students asking for?
Explain the importance of contract management : Explain the importance of contract management within Government contracts. Discuss the various organizations and the roles they play in regard to government

Reviews

Write a Review

Microeconomics Questions & Answers

  The free rider problem

Question: Explain why the free rider problem makes it difficult for perfectly competitive markets to provide the Pareto efficient level of a public good.

  Failure of the super committee is good thing for economy

Some commentators have argued that the failure of the “Super committee” is good thing for the economy?  Do you agree?

  Case study analysis about optimum resource allocation

Case study analysis about optimum resource allocation: -  Why might you suspect (even without evidence) that the economy might not be able to produce all the schools and clinics the Ministers want? What constraints are there on an economy's productio..

  Fixed cost and vairiable cost

Questions:  :   Which of the following are likely to be fixed costs and which variable costs for a chocolate factory over the course of a month?  Explain your choice.

  Problem - total cost, average cost, marginal cost

Problem - Total Cost, Average Cost, Marginal Cost: -  Complete the following table of costs for a firm.  (Note: enter the figures in the  MC   column  between  outputs of  0 and 1, 1 and 2, 2 and 3, etc.)

  Oligopoly and demand curve problem

Problem based on Oligopoly and demand curve,  Draw and explain the demand curve facing each firm, and given this demand curve, does this mean that firms in the jeans industry do or do not compete against one another?

  Impact of external costs on resource allocation

Explain the impact of external costs and external benefits on resource allocation;  Why are public goods not produced in sufficient quantities by private markets?  Which of the following are examples of public goods (or services)? Delete the incorrec..

  Shifts in demand and movements along the demand curve

Describe the differences between shifts in demand and movements along the demand curve. What are the main factors which can shift the demand curve? Explain why they cause the demand curve to shift. Use examples and draw graphs to support your discuss..

  Article review question

Article Review Question: Read the following excerpts from the article "Fruit, veg costs surge' by Todd, Dagwell, published in the Herald on January 25th 2011 and answer questions below:

  Long-term growth, international trade & globalization

Long-term Growth, International Trade & Globalization:- This question deals with concepts such as long-term growth, international trade and globalization. Questions related to trade deficit, trade surplus, gains from trade, an international trade sce..

  European monetary union (emu) in crisis

"Does the economic bailout of Spain and Greece spell the beginning of the end for the European Monetary Union (EMU)?"

  Development game “settlers of catan”

Read the rules of the game, the overview and the almanac for the Development Game "Settlers of Catan"

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