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Consider a monopolist facing a demand curve P=120-Q. Its total cost function is C(Q)=30Q. Calculate the price the monopolist will charge. Question 8 options: A) 50 B) 75 C) 45 D) 50 A monopolist can produce at a constant average (and marginal) cost of AC = MC = $5. It faces a market demand curve given by Q = 53 — P. Caculate its profit Question 9 options: A) 576 B) 200 C) 1,200 D) 364 Suppose a second firm enters the market. Let Q1 be the output of the first firm and Q2 be the output of the second. Market demand is now given by Q1 + Q2 = 53 – P. The profit of each firm in a Cournot equilibrium would be Question 10 options: A) 256 B) 512 C) 128 D) 26

Consider a monopolist facing a demand curve P=120-Q. Its total cost function is C(Q)=30Q. Calculate the price the monopolist will charge.

Question 8 options:
A)
50

B)
75

C)
45

D)
50

A monopolist can produce at a constant average (and marginal) cost of AC = MC = $5. It faces a market demand curve given by Q = 53 — P. Caculate its profit

Question 9 options:
A)
576

B)
200

C)
1,200

D)
364

Suppose a second firm enters the market. Let Q1 be the output of the first firm and Q2 be the output of the second. Market demand is now given by

Q1 + Q2 = 53 – P.

The profit of each firm in a Cournot equilibrium would be

Question 10 options:
A)
256

B)
512

C)
128

D)
26

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