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1. Assume that a monopolist has TC(@) = 24Q and the market demand is P(Q) = 100 - 2Q. (a) What is the firm's marginal

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1. Assume that a monopolist has TC(@) = 24Q and the market demand is P(Q) = 100 - 2Q. (a) What is the firm's marginal cost? (b) What is the profit-maximizing price and quantity (P*, Q*)? (c) What is the total revenue at (P*, Q*)? (d) What is the total cost at (P*, Q*)? (e) What is the profit at (P*, Q*)? (f) What is the consumer surplus at (P*, Q*)? (g) What is the deadweight loss at (P*, Q*)

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