Question

3. Suppose that a price-searcher monopolist had a total cost
function given by: **TC= 20 + 2Q +0.25Q ^{2}**.
The demand for the price searcher's product is given by:

Calculate the price the monopolist will charge.

*(Do not include a dollar sign in your response. Round to the
nearest two decimals.)*

4. Suppose that a price-searcher monopolist had a total cost
function given by: **TC= 20 + 2Q +0.25Q ^{2}**.
The demand for the price searcher's product is given by:

Calculate the monopolist's producer surplus.

5. Suppose that a price-searcher monopolist had a total cost
function given by: **TC= 20 + 0.5Q
+0.2Q ^{2}**. The demand for the price searcher's
product is given by:

Calculate the monopolist's profit.

Answer #1

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Suppose that a price-searcher monopolist had a total cost
function given by: TC= 20 + 0.5Q
+0.2Q2. The demand for the price searcher's
product is given by: QD= 100 -20P.
Calculate the monopolist's profit.
(Do not include a dollar sign in your response. Round to the
nearest two decimals.)

Consider a single-price monopolist. The monopolist's total cost
function is given by TC=2Q2. The demand curve for the
monopolist's outputs is given by Q=300-0.25P. The market will have
a deadweight loss of $____.

A monopolist is going to try a first-degree price
discrimination scheme. The demand for their product is given by QD
= 71 - 5P The marginal cost of the good is a constant $6 per unit.
Calculate the dollar amount of producer surplus for this
first-degree price discriminating monopolist.

Consider a total cost function of TC = 0.5Q^2 +10Q + 20 and the
market demand function Q=70-p.
a What is the profit-maximizing output and price for the perfect
competition? Calculate its profit.
b What is the profit-maximizing output and price for the
monopolist? Calculate its profit.
c What is the profit-maximizing output and price for the
monopolist in the second market? Calculate its profit.

Let the demand function of natural monopolist be Q = 50 - 5P and
the cost function be TC = 10 + 2Q. Here TC represents total cost, P
represents price and Q is quantity. What is the average cost and
total profit of the natural monopolist in the selected energy
market?

2. Suppose the demand function for a monopolist’s product is
given by: Q = 80 – 5P (Total marks = 5) and the cost function is
given by C = 30 + 2Q + 0.5Q2 A) What is the inverse demand function
for this monopoly? B) Calculate the MC. C) Calculate the MR. D)
Determine the profit-maximizing price. E) Determine the
profit-maximizing quantity. F) How much profit will the monopolist
make? G) What is the value of the consumer surplus...

Suppose a representative perfectly competitive firm has the
following cost function: TC = 100 + 5Q2. The short-run
market demand and supply are given by: QD = 600 - 40P
and QS = 20P. How many firms are in the market in the
short-run?

A price-searcher firm wants to try a two-part tariff. The firm's
marginal cost is a constant $7 and it will charge
that as the per unit price. To complicate things, the firm has two
different groups of consumers. There are 30
consumers who have a demand function given by:
qD=15.25-0.25P. There are also
40 consumers who have a demand function given by:
qD=30.5-0.5P
If the firm charges a fee that is too high, then it may lose all
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Company ARC is a monopolist in the robot cleaner industry. Its
total cost function is given by:
TC = 200 − 5Q + 2Q#
The demand in this robot cleaner industry is:
P = 115 − Q
(a) What output and price should ARC set to maximise
profit?
(b) How much profit does ARC generate based on the calculation
in (a)? What consumer surplus would be generated?
(c) What would output be if ARC acted like a perfect
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1. Suppose a monopolist faces an inverse demand function of P =
150 ? 2Q. The firm’s cost functions is 30Q.
(a) What is the firm’s marginal cost? Average cost? How about
the firm’s marginal revenue?
(b) What would the firm charge if they were a single price
monopolist?
(c) What is the consumer surplus, producer surplus, and dead
weight loss.
(d) Suppose the monopolist is able to perfectly price
descriminate, what are the consumer surplus, producer surplus, and
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