Determine the monopoly price and output

Assignment Help Business Economics
Reference no: EM131169532

As the manager of a monopoly, you face potential government regulation. Your inverse demand is P = 45 - 1Q, and your costs are C(Q) = 17Q. a. Determine the monopoly price and output. Monopoly price: $ Monopoly output: units b. Determine the socially efficient price and output. Socially efficient price: $ Socially efficient output: units c. What is the maximum amount your firm should be willing to spend on lobbying efforts to prevent the price from being regulated at the socially optimal level? $

Reference no: EM131169532

Questions Cloud

What is on the bleeding edge : What is On the Bleeding Edge? Think about the way social media impacts your life as far as product marketing – online coupons, Groupons, email ads etc. What is on the bleeding edge of technology and how can your product use this idea to increase sale..
Demand or supply for real loanable funds : In the graphs below, show the shift in either demand or supply for real loanable funds by drawing in a new curve. Write short explanation of the change in the real risk free interest rate (Y-axis) and the real loanable funds per time period (X-axis).
Explain the meaning of future values vs present values : Explain the meaning of future values VS present values calculation in money and banking. Compute the future value of $5,000 deposited annually for 5 years, assuming a 10% annual interest rate compounded once a year. You may want to use the Excel func..
Discuss the importance of investment banks : What are an investment bank and what services it provides? Be sure to address the differences between the investment bank and the commercial bank and answer the question of who would use an investment bank. Also, discuss the importance of investment ..
Determine the monopoly price and output : As the manager of a monopoly, you face potential government regulation. Your inverse demand is P = 45 - 1Q, and your costs are C(Q) = 17Q. Determine the monopoly price and output. Monopoly price: What is the maximum amount your firm should be willing..
What change in holdings of financial assets : ITT Corporation in the most recent period reported current sales receipts of $542 million, current operating expenditures of $577 million and net new debt issued of $5 million. What change in holdings of financial assets must have occurred over the p..
Long-run effects of rise in safe-haven capital inflow : In the five years ending 2011, Switzerland enjoyed a fiscal surplus that averaged 1.3% of GDP, a trade surplus that averaged 2.6% of GDP, and a government debt to GDP ratio that averaged 40%. Use the appropriate graphs for a small open economy to ill..
What long-run effects would be on real gdp-public saving : Many people believe that Congress will eventually have to reduce Social Security benefits in order to reduce the budget deficit. Although most of the changes would not take place until later, assume for the purpose of this problem that Social Securit..

Reviews

Write a Review

Business Economics Questions & Answers

  Economics assignment

This document contains various important questions and their appropriate answers in the subject field of Economics.

  Demand and supply curves

Economics is the study of the principles governing the allocation of scarce means among competing ends when the objective of the allocation is to maximize the attainment of the ends.

  Long-run perfectly competitive equilibrium for the firm

Evaluate Government intervene and correct this situation?(a) Explain the concept of a concentration ratio. A rise in the price of magarine Explain the impact of external costs and external benefits on resource allocation long-run perfectly c..

  Supply and demand diagrams

Explain each of the following using supply and demand diagrams,  With the use of a graph, explain how these two programs affect cigarette consumption and the price of cigarettes.

  Case study: fisher-price toys

The case study of the Fisher-Price Toys, Inc., a popular case in basic economics and management from the prestigious Harvard Business School.

  Draw the production possibility curve

Draw the production possibility curve and a. Define consumer surplus and producer surplus.

  Tax revenue

The Australian government administers two programs that affect the market for cigarettes

  Maximize total welfare

How many tickets to sell to maximize total welfare.

  Difference between the cv and the ev

The change in consumer surplus (?CS) is not "theoretically" justifiable like the CV and EV but it continues to be the most widely used measure of consumer welfare change. Explain how this can be reconciled

  Depict von neumann-morgenstern utility index u in a diagram

Depict the von Neumann-Morgenstern utility index u in a diagram

  What is the market solution

What is the market solution (market price and quantity) and What is the total surplus of the society under the market solution

  Calculate gross national product and net national product

Calculate gross national product and net national product

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