What price will the profit maximizing monopolist produce

Assignment Help Econometrics

Reference no: EM13234719

Suppose a monopolist faces the following demand curve:

P = 596 - 6Q. Marginal cost of production is constant and equal to $20, and there are no fixed costs.

a) What is the monopolist's profit maximizing level of output?

b) What price will the profit maximizing monopolist produce?

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

d) What would be the value of consumer surplus if the market were perfectly competitive?

e) What is the value of the deadweight loss when the market is a monopoly?

Reference no: EM13234719

Questions Cloud

Discuss the market system and the need for ethics in busines : Discuss the market system and the need for ethics in business and distinguish it from the law and concepts of virtue and morality.

Define the boiling point of ethanol : The boiling point of ethanol is 78.3 C. Calculate the D S for vaporization of 0.5 mol of ethanol.

Suggest an equitable outcome from the movement : Discuss the moral and economic implications involved in the movement - Analyze each of the implications identified above against the utilitarian, Kantian, and virtue ethics to determine which theory best applies to the movement. Support your positi..

Write a description of an effective leader : write a description of an effective leader. List and explain five qualities that you believe are found in effective leaders.

What price will the profit maximizing monopolist produce : Suppose a monopolist faces the following demand curve P = 596 - 6Q. Marginal cost of production is constant and equal to $20, and there are no fixed costs. a) What is the monopolist's profit maximizing level of output

Describe what is the ph of the resulting solution : If you add 0.35 g NaF to 150 mL of a 0.30 M HF, what is the pH of the resulting solution?

Create method return the number of positive numbers in array : Consider an array of integers as below: int[] a = {5, 2, -4, 3, 0, -5, 7, 11, 6, 13} a. Complete the method named count(int[] a) in the class Count.

What will happen to market supply and the price of the good : Suppose that, in a perfectly competitive market at the profit maximizing quantity, the market price is greater than average total cost. Carefully explain what will happen to the number of firms, the market supply and the price of the good

What is the velocity of the shuttle after 5 seconds : At launch the space shuttle has an overall upward acceleration of about 5m/s^2, how far inot the air will it travel, assumin that it travels straight up, what is the velocity of the shuttle after 5 seconds

User Account

All Pages