subject
Business, 19.12.2019 21:31 rbgrh8183

Gquestion # 5 (18 points)a monopolist’s cost function yields constant average and marginal costs, with ac = mc = 5. the firm faces a market demand curve given by p = 29 – q. a) (2 points) calculate the marginal revenue curve, mr, for the monopoly. b) (8 points) solve for the monopolist’s profit maximizing output and price and calculate the lerner’s index and the profit of the monopolist. show the profit maximizing decision of the monopolist and the profits earned diagrammatically. c) (4 points) what would be the socially optimal output and price? (hint: this would be the output and price if the industry were perfectly competitive. that is, the profit maximizing rule would be p =mc)d) (4 points) show diagrammatically the social cost of a monopoly.{extra credit: (5 points) calculate the social cost of monopoly.}

ansver
Answers: 1

Another question on Business

question
Business, 21.06.2019 22:00
How would you cite different books by the same author on the works cited page? a. moore, jack h. folk songs and ballads. salem: poetry press, 1999. print. moore, jack h. ballads in poetry – a critical review. dallas: garden books, 1962. print. b. moore, jack h. folk songs and ballads. salem: poetry press, 1999. print. –––. ballads in poetry – a critical review. dallas: garden books, 1962. print. c. moore, jack h. ballads in poetry – a critical review. dallas: garden books, 1962. print. moore, jack h. folk songs and ballads. salem: poetry press, 1999. print. d. moore, jack h. ballads in poetry – a critical review. dallas: garden books, 1962. print. –––. folk songs and ballads. salem: poetry press, 1999. print.
Answers: 1
question
Business, 23.06.2019 01:10
1. alwaysrain irrigation, inc. would like to determine capacity requirements for the next four years. currently, two production lines are in place for making bronze and plastic sprinklers. three types of sprinklers are available in both bronze and plastic: 90-degree nozzle sprinklers, 180-degree nozzle sprinklers, and 360-degree nozzle sprinklers. management has forecast demand for the next four years as follows: both production lines can produce all the different types of nozzles. the bronze machines needed for the bronze sprinklers require two operators and can produce up to 12,000 sprinklers. the plastic injection molding machine needed for the plastic sprinklers requires four operators and can produce up to 200,000 sprinklers. three bronze machines and only one injection molding machine are available. what are the capacity requirements for the next four years? (assume that there is no learning.)
Answers: 1
question
Business, 23.06.2019 01:30
Young owners of a sole proprietorship will likely not find financial support available from?
Answers: 2
question
Business, 23.06.2019 02:40
Some years ago it was estimated that the demand for steel approximately satisfied the equation p=194-25x x, and the total cost of producing x units of steel was upper c left parenthesis x right parenthesis equals 145 plus 40 x. (the quantity x was measured in millions of tons and the price and total cost were measured in millions of dollars.) determine the level of production and the corresponding price that maximize the profits.
Answers: 3
You know the right answer?
Gquestion # 5 (18 points)a monopolist’s cost function yields constant average and marginal costs, wi...
Questions
question
Social Studies, 04.11.2020 06:50
question
Mathematics, 04.11.2020 06:50
question
Mathematics, 04.11.2020 06:50
question
Business, 04.11.2020 06:50
question
English, 04.11.2020 06:50
Questions on the website: 13722367