Write down the total revenue function of the monopolist

Assignment Help Business Economics

Reference no: EM131387117

The demand curve facing a monopolist is given by q(p)=10200-100p and its cost function is of the form c(q)=(q^2)/2.

(a) Write down the total revenue function of the monopolist.

(b) Write down the marginal revenue function.

(d) Calculate producer surplus in the market. (e) Calculate consumer surplus. (f) Calculate the deadweight loss due to monopoly.

Reference no: EM131387117

Questions Cloud

What tax level is the condorcet winner : Residents of a city vote directly over the level of public spending. There are 3005 voters in the city. Voters differ in their income Y : the mean income of the voters is $50, 000 and the median income is $40, 000. Set up the voter’s utility in terms..

What is the optimal thickness of the insulation : Fixed cost for a hot water line per meter of pipe is $100X+$250 per year. The cost for loss of heat from the pipe per meter is $5.4X^-2 per year. Here, X represents the thickness of insulation inmeters, and X is a continuous design variable. What is ..

The annual fixed costs for manufacturing plant : The annual fixed costs for a manufacturing plant are $100,000 and the variable costs are $140,000 at 90% utilization of available capacity, with net sales of $300,000. What is the breakeven point in units of production if the selling price per unit i..

What was the consumer surplus in the industry : The San Francisco based ophthalmologist Dr. Alan Scott discovered that the deadly Botulinum toxin could be turned into a miracle drug that could cure two serious eye conditions which had previously left 25,000 Americans functionally blind. What was t..

Write down the total revenue function of the monopolist : The demand curve facing a monopolist is given by q(p)=10200-100p and its cost function is of the form c(q)=(q^2)/2. Write down the total revenue function of the monopolist. Write down the marginal revenue function. Calculate the equilibrium price and..

Price discrimination of second degree : (Price Discrimination of Second Degree) A monopolist has 2 sets of customers distinguished by their demand functions p1=15-p1 and p2=25-2(q2)respectively. The total cost function of the firm is of the form C(Q)=5+3Q , where Q=q1+q2. Derive the aggreg..

Find total output produced by the monopoly in equilibrium : Consider a monopoly that faces the demand curve P=120-3Q, where Q =q1+ q2 is the total output from the two plants operated by the firm. Find the total output produced by the monopoly in equilibrium and the equilibrium price. What is the output produc..

Manufacturing plant purchases equipment : A manufacturing plant purchases equipment for 5100,000 which it intends to sell after 10 years for $20,000 salvage. The maintenance costs are estimated to be $2,000 the first year and increase by $500 each year thereafter. Using a nominal rate of 7%,..

The standard for extreme poverty was established : The standard for extreme poverty was established at one dollar per day per person in 1985. if inflation was 2% year, how many dollars per day do the people in extreme poverty make now?

User Account

All Pages