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Author Question: Suppose a patent is granted for a product that has the linear demand curve P = a - b Q. The constant ... (Read 44 times)

jenna1

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on: Jul 1, 2018
Suppose a patent is granted for a product that has the linear demand curve P = a - b Q. The constant marginal cost of producing this product is 50 per unit, a unit sells for 150, and consumers purchase 100 units of the good at that price. If the monopoly is maximizing profit, the deadweight loss is
 
  A) 5000.
  B) 2500.
  C) 7500.
  D) 10000.

Question 2

Suppose there are 1000 identical wheat farmers. For each, TC = 10 + q2 Derive the market supply curve.
 
  What will be an ideal response?
Microeconomics ¦ Perloff ¦ 8th Edition
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atrochim

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Reply #1 on: Jul 1, 2018
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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jenna1

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

AngeliqueG

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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