What are the equilibrium price and quantity for monopolist

Assignment Help Business Economics
Reference no: EM13836987

Assume that a monopolist has a demand curve given by P = 1500 ? 4Q, and T C = 100 + 5Q2 with MC = 10Q.

(a) Graph the Demand, Marginal Revenue, Marginal Cost, and Average Total Cost curves

(b) What are the equilibrium price and quantity for this monopolist if it charges a single price to everyone?

(c) How much profit does the firm make?

(d) Show on the graph whether this market is operating efficiently.

(e) Calculate the dead weight loss.

(f) Calculate the consumer surplus.

(g) Calculate the producer surplus.

Reference no: EM13836987

Questions Cloud

To understand what causes productivity growth : Suppose that capital per hour of work grows by 3 percent and technology grows by 1 percent over a one year interval. What is the growth rate of real GDP per hour of work? Show the formula and all work. To understand what causes productivity growth, w..
Principle theory of management-what are the classes of crime : Principle theory of management. Where does the Coast Guard fit into the mix? What are the classes of crimes? Why does the security manager need to understand them?
Markets exist to facilitate exchange between people. : Two goods are substitutes if an increase in the price of one good leads to an increase in demand for the other. Markets exist to facilitate exchange between people. The cost of a master's degree in engineering equals the tuition plus the cost of book..
Increase in wages will shift supply curve up and to left : Unemployment occurs even during periods when the economy is growing. An increase in wages will shift the supply curve up and to the left. A decrease in population would shift the demand curve to the left. An increase in demand will cause the equilibr..
What are the equilibrium price and quantity for monopolist : What are the equilibrium price and quantity for this monopolist if it charges a single price to everyone? How much profit does the firm make? Show on the graph whether this market is operating efficiently. Calculate the dead weight loss. Calculate th..
About both monopolistic competition and monopolies : Which of the following statements are true about both monopolistic competition and monopolies?
Alter the way that gdp is defined and measured : If you could, how would you alter the way that GDP is defined and measured in the US? Make one recommendation. Explain what the current practice is, how you would change it, and why your proposed change would be an improvement.
Participating budgeting-advantages and disadvantages : The method used to prepare the budget can also affect the amount of time it takes to complete the budget. For example, companies that use participative budgeting will likely take longer to complete the budget process. What is participating budgeting?..
Rate of return on the increment of investment between two : A plastics company is considering two injection molding processes. Process X will have a first cost of $600,000, annual costs of $200,000, and a salvage value of $100,000 after 5 years. Process Y will have a first cost of $800,000, annual costs of $1..

Reviews

Write a Review

 

Business Economics Questions & Answers

  Explain using this method how affect retailer stock control

Give an example of the type of retailer that might use this method. Explain how using this method would affect a retailer’s stock control.

  Determine the cpi for a couple of months

Determine the CPI for a couple of months and create a PowerPoint to explain the information - Prepare several slides in the PowerPoint-style that present and explain this information as it relates to inflation in a clear manner.

  On the planet omicron persei 8 government spending is 1000

on the planet omicron persei 8 government spending is 1000 net taxes are 1200 as well as planned investment is 1400.

  Maintenance foreman of plant in reviewing his records found

The maintenance foreman of a plant in reviewing his records found that maintenance costs on a large press had increased with sales of a product that will decline in the future. 5 Years Ago $600 4 Years Ago $700 3 Years Ago $800 2 Years Ago $900 Last ..

  Share of gdp is composed of consumption

Illustrate what share of GDP is composed of consumption. Illustrate what share of GDP is composed of investment.

  Money multiplier process

Participate in a discussion with your classmates regarding your role in the money multiplier process. Review the “EYE on Your Life” caption titled, Money and Your Role in its Creation, on page 281 in the textbook. Discuss and describe the effect you ..

  Depreciation taken in the third year

Depreciation taken in the third year if the machine is also sold during the third year.

  Consider the benefits and costs of any change

Evaluate this monitoring system. What would you do differently? Consider the benefits as well as costs of any change you recommend.

  Q1 consider a firm as we did in the notes that maximizes it

q1. consider a firm as we did in the notes that maximizes it profits by selecting how many workers and how much capital

  Q1 what would you cite as examples of government improving

q1. what would you cite as examples of government improving market outcomesin recent economic history of the united

  Analyze several indicators of macroeconomic conditions

Analyze several indicators of the macroeconomic conditions in an economy, such as GDP, unemployment, CPI, and other indicators such as interest rates, income.

  Accords perceived relative advantage

Illustrate what is the Accord's perceived relative advantage with respect to reliability.

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