What is the magnitude of deadweight loss

Assignment Help Microeconomics
Reference no: EM13718242

Suppose that the costs for a monopolist are given by C(Q) = 11 4 Q2+Q+476.68. Further suppose that the inverse demand function is given by P = 1 4 determine: (Q-28)2. Using calculus (a) Determine the profit maximizing quantity and price. (b) How much profit does the monopolist earn? (c) What is the social welfare maximizing quantity? ) (d) What is the magnitude of deadweight loss caused by the monopolist? (

Reference no: EM13718242

Questions Cloud

Volume of a cfstr to meet the same effluent standard : A reaction 2A--->B is second order with respect to A. Batch experiments have shown that, for an initial solution containing Ca=3mg/L, the concentration of A in a system can be reduced by 99% is 25 min.
Calculate the total entropy change of the universe : Consider a Carnot (reversible) power cycle operating between a hot reservoir of 727°C and a cold reservoir of 27°C. calculate the total entropy change of the universe
Calculate what is the work done by the applied force : A box of mass 52 kg is pushed up an incline that has a total length of 7.0 m and is tilted 21° away from the horizontal. What is the work done by the applied force
Calculate what average emf is induced : An emf is induced by rotating a 940-turn, 23.0 cm diameter coil in the Earth's 5.70×10-5 T magnetic field. What average emf is induced
What is the magnitude of deadweight loss : Suppose that the costs for a monopolist are given by C(Q) = 11 4 Q2+Q+476.68. Further suppose that the inverse demand function is given by P = 1 4 determine: (Q-28)2. Using calculus (a) Determine the profit maximizing quantity and price. (b) ..
Consider a hollow cylindrical buoy of diameter : Consider a hollow cylindrical buoy of diameter 20cm, height 2m and mass 10kg. if the bottom of the buoy is filled with 20kg of sand causing it to float in sea water (sg=1.03) in a vertically upright position, how high will the buoy portrude above the..
Find how much work does the tension force do on magnus : Magnus has reached the finals of a strength competition. In the first round, he has to pull a city bus as far as he can. how much work does the tension force do on Magnus
What is stream function that represents the potential flow : What is the stream function that represents the potential flow about a cylinder whose radius is 1 m and which is located in an air stream where the free-stream velocity is 50 m/s? What is the change in pressure from the free-stream value to the value..
What is the direct or indirect connection to the larger u.s. : What is the direct or indirect connection to the larger U.S. Government case with Indians over tribal trust funds? One to two pgs long.

Reviews

Write a Review

Microeconomics Questions & Answers

  What is the present equivalent of the rental income

Suppose that annual income from a rental property is expected to start at $1,350 per year and decrease at a uniform amount of $55 each year after the first year for the 12-year expected life of the property. The investment cost is $8,200, and i is 9%..

  What happens to the natural rate of unemployment

If the economy currently has a frictional unemployment rate of 2 percent, structural unemployment of 2 percent, seasonal unemployment of 0.5 percent, and cyclical unemployment of 2 percent, what is the natural rate of unemployment? Where is the ec..

  Compute the present value of an item

Determine what would be present value of an product that has a salvage value of $25,000 at the end of 5-years? Suppose a discount rate of 3.8 percent for an end of year factor.

  The widget industry in springfield is competitive with

the widget industry in springfield is competitive with numerous buyers and sellers. consumers dont differentiate among

  Discuss why social security tax rate has increased so much

If the Social Security retirement system was a private retirement system, it would be declared bankrupt. Discuss why this is so and why the Social Security system can continue to pay benefits despite the fact that it can be considered bankrupt.

  What challenges does the firm face to sustain this practice

market power may produce a level of output greater than its profit maximizing level of output to gain market share and block entry of new firms. What challenges does the firm face to sustain this practice?

  Explain the pros and cons associated with this case

Normal 0 false false false EN-US X-NONE X-NONE MicrosoftInternetExplorer4 ..

  Compare the impact on pre-recorded music compact disks

Suppose the income elasticity of demand for pre-recorded music compact disks is +6.0 and the income elasticity of demand for a cabinet maker's work is + 0.6.

  The marginal product between two types of workers

If technology advances so that computers become more useful to the firm.what happens to the marginal product of the two types of workers.

  The relationship between the less-developed-countries

The relationship between the less- developed- countries and the developed countries in the evolution of international trade has always been a bit strained. Discuss this relationship, including policies adopted and /or advocated by each group to "help..

  Question about absolute and comparative advantage

Determine which country has absolute advantage in production of tanks and explain why is it this country?

  Invested in human capital-the acquired skills of individual

How does the market reward those who have invested in human capital-the acquired skills of an individual in the areas of education, training, and work habits? Cite specific examples from your community to support your answer.

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!

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