What is the value of consumer surplus

Assignment Help Business Economics

Reference no: EM13155850

suppose a monopolist faces the following demand curve: P=100-3Q. Marginal cost of production is constant and equal to $10. and there are no fixed costs.

A) What is the monopolistâ€^TMs profit maximizing level of output?

B) What price will the profit maximizing monopolist charge?

C) How much profit will the monopolist make if she maximizes her profit?

D) What is the value of consumer surplus?

E) What is the value of the deadweight loss created by this monopoly?

Reference no: EM13155850

Questions Cloud

Test one-tailed alternatives to the null hypotheses : A regression of attitude toward legalizing marijuana on age (X1) and education (X2) produced the following estimated coefficients and standard errors for a sample of 265 persons.

Inhibits smooth traffic flow through space or spaces : Indicate how the building either assists or inhibits a smooth traffic flow through the space or spaces. Point out how the building stimulates the senses. Discuss the relationships between the line, form, color, and texture in your selected building.

Amount that family income is includible in gross income : The Hightown council refused to increase the town budget. Robert Reed was laid off from work on Aug 4 2010. Earlier in the year he had been temporarily disabled from a job related injury and had received disability benefits. At year end Robert Ree..

Find critical value for a right-tail test of means : using the experimental method had a mean of 29 minutes with a variance of 16 minutes. Use α = .10 for all tests.For a right-tail test of means (assume equal variances) the critical value is?

What is the value of consumer surplus : What is the value of consumer surplus? What is the value of the deadweight loss created by this monopoly?

How can you use probability : Using probability: How can you use probability to improve your chances of winning at a casino. Provide specific examples using concepts learned in this module

Compute the thickness of a salt layer left after evaporating : Calculate the thickness of a salt layer left after evaporating an ocean of 35%u2030 salinity and 4-km depth.

Design circuit buffer last-in first-out lifo : I want design circuit this Buffer(LIFO). This blocking is for FIFO memory but i want design circuit Buffer Last-in First-out LIFO 4*4

What volume of nitrogen gas has been generated : If a student determined that the circumference of a balloon filled by the boiling point of liquid nitrogen was 45 cm, what volume of nitrogen gas has been generated?

User Account

All Pages