The inverse demand function a monopoly faces is p=100-Q The firm's cost curve is TC(Q)=10+5Q What is the profit-maximizing solution? How does your answer change if TC(Q)=100+
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- A monopoly produces widgets at a marginal cost of $10 per unit and zero fixed costs. It faces an inverse demand function given by P = 50 - Q. What is the profit under monopoly?Suppose a monopoly firm has the following Cost and Demand functions: TC=Q2 P=80-Q MC=2Q MR=80-2Q Carefully explain what the firm is doing and why. Find the firm’s Profit maximizing Q Find the firm’s Profit maximizing P. Find the firm’s Profit. Suppose because of an advertising campaign, which costs $500, the monopoly’s demand curve is: P=100-Q so its MR= 100-2Q. MC=2Q Looking closely at the TC function and the demand curve, explain the effects of the advertising campaign on the equations compared with the equations above in part 1. Find the firm’s Profit maximizing Q Find the firm’s Profit maximizing P. Find the firm’s Profit. Was the advertising campaign successful? Compare 2 w/ 1. Why?If a monopoly's inverse demand curve is p(Q) = 18 – 2Q and its cost function is C(Q) = 10 + 3Q + 0.5Q, what is Q* maximizes the monopoly's profit (or minimizes its loss)? At Q*, what is the price and the profit? Should the monopoly operate or shut down?
- The inverse demand curve a monopoly faces is p=110−2Q. The firm's cost curve is C(Q)=40+6Q What is the profit-maximizing solution?The inverse demand curve a monopoly faces is p= 110 -Q. The firm's cost curve is C(Q) = 30 + 5Q. What is the profit-maximizing solution? The profit-maximizing quantity is 52.50. (Round your answer to two decimal places.) The profit-maximizing price is $ 57.50 . (round your answer to two decimal places.) What is the firm's economic profit? The firm earns a profit of $. (round your answer to two decimal places.) 13 MacBook esc 80 F1 F2 F3 F4 F5 F6 # $ % 1 3 4 Q W R tab T A caps lock FThe inverse demand curve a monopoly faces is p = 130 - Q. The firm's cost curve is C(Q) = 10 +5Q. What is the profit-maximizing solution? The profit-maximizing quantity is 62.5. (Round your answer to two decimal places.) The profit-maximizing price is $ 67.5. (round your answer to two decimal places.) What is the firm's economic profit? The firm earns a profit of $. (round your answer to two decimal places.)
- Demand function for a monopoly is Q=100- 2P. The firm's cost curve is C(Q)=20+10Q. (show all your answers in a figure too, draw them manually) a. What is the profit-maximizing solution? What is the firms' maximum profit? What is the revenue-maximizing solution? b. What is the Lerner index at profit maximizing quantity? c. Calculate the deadweight loss if the monopoly charges the profit-maximizing price. d. How does charging the monopoly a specific tax for t = $15 per unit affect price and quantity and the welfare of consumers, the monopoly, and society (where society's welfare includes the tax revenue)? What is the incidence of the tax on consumers?The inverse demand curve a monopoly faces is p=120-2Q. The firm's cost curve is C(Q) = 40 +6Q. What is the profit-maximizing solution? The profit-maximizing quantity is 28.50. (Round your answer to two decimal places.) The profit-maximizing price is $63.00. (round your answer to two decimal places.) What is the firm's economic profit? The firm earns a profit of $ 1584.50. (round your answer to two decimal places.) How does your answer change if C(Q)= 100+6Q? The increase in fixed cost OA. has no effect on the equilibrium quantity, but the equilibrium price increases and profit decreases. B. causes the firm to increase both the price and quantity, and profit increases. OC. has no effect on the equilibrium quantity, but the equilibrium price increases and profit increases. D. has no effect on the equilibrium price and quantity, but profit will decrease.The inverse demand curve a monopoly faces is -1/2 p= 20Q The firm's cost curve is C(Q) = 4Q. What is the profit-maximizing solution? (Round all numeric to two decimal places.) The profit-maximizing quantity is. The profit-maximizing price is $ What is the firm's economic profit? The firm earns a profit of $ . (Round your response to two decimal places.) 20 tv MacBook Air 80 DII F2 F3 F5 F7 F8 F9 F10 # 2$ & 2 з 4 6 7 W E R Y P S F G H J K > C V N nd command * 00 B
- Suppose a monopoly firm with a constant marginal cost 10 faces an inverse linear demand function p= 50 - Q. What would be the profit-maximizing price and quantity if its marginal cost doubles?If, in a monopoly market, the demand for a product is p = 195 − 0.10x and the revenue function is R = px, where x is the number of units sold, what price will maximize revenue? (Round your answer to the nearest cent.)The inverse demand curve a monopoly faces is p = 130 - Q. The firm's cost curve is C(Q) = 10 +5Q. What is the profit-maximizing solution? The profit-maximizing quantity is (Round your answer to two decimal places.) The profit-maximizing price is $. (round your answer to two decimal places.)