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Author Question: A monopolist has total cost TC = Q2 + 10Q + 100 and marginal cost MC = 2Q + 10 . It faces demand Q = ... (Read 85 times)

james

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on: Jul 1, 2018
A monopolist has total cost TC = Q2 + 10Q + 100 and marginal cost MC = 2Q + 10 . It faces demand Q = 130- P (so its marginal revenue is MR = 130 - 2Q). Its profit-maximizing output
 a. 30
  b. 25
  c. 20
  d. 10

Question 2

Consider the same monopoly situation as in the previous question. The deadweight loss (compared to a single firm behaving as if it were perfectly competitive) is about
 a. 667
  b. 333
  c. 1,000
  d. 1,333


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Jordin Calloway

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Reply #1 on: Jul 1, 2018
Answer to Question 1

a

Answer to Question 2

a


james

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Reply 2 on: Jul 1, 2018
Thanks for the timely response, appreciate it

ghepp

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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