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A monopolist faces a demand curve given by:
P = 70 - 2Q, where P is the price of the good and Q is the quantity demanded. The marginal cost of production is constant and is equal to $6. There are no fixed costs of production.
A) What quantity should the monopolist produce in order to maximize profit?
B) What price should the monopolist charge in order to maximize profit?
C) How much profit will the monopolist make?
D) What is the deadweight loss created by this monopoly (hint: compare the monopoly outcome with the perfectly competitive outcome).
E) If the market were perfectly competitive, what quantity would be produced?
a. What is Quick's taxable gains b. What is Quick's taxable income c. What is Quick's marginal and effective (average) tax rate d. What is Quick's net cash flow after tax
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Determine the two equal deposits, the first deposit required now and the second deposit at the end of year 6, so that you can withdraw $2,000 at the end of each year for the next 12 years. Assume that money earns 4% interest, compounded monthly.
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