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(10) Find the competitive equilibrium price p and quantity q. How many pies of does each consumer buy? (10) Find the surplus to consumers CSC
(10) Find the competitive equilibrium price p and quantity q". How many pies of does each consumer buy? (10) Find the surplus to consumers CSC and producers PSC in the competitive equilib rium. How much surplus CSS goes to each consumer? (10) Suppose that Larry must charge a single price for all pies. Find his monopoly price p" and quantity q". How many pies q" does each consumer buy? (10) Find the surplus to consumers CS'm and producers PSm in the monopoly equi- librium, as well as the deadweight loss DWL". How much surplus CSm goes to each consumer?(e) (10) Suppose that Larry is a rst-degree price discriminator, who charges a different price for each pie consumed. Find the quantity qI as well as the surplus to consumers CSI and producers PSI . How much qf does each consumer buy and what surplus 081-1 does each receive? (f) (10) Now suppose that Larry is a second-degree price discriminator who charges different prices depending on the quantity sold, by implementing a twopart tariff T (q) = a + pq. Calculate the parameters of the prot maximizing tariff a,\" and pH, and the total quantity (1\" . How much qu does each consumer buy, and what is the average price EU that each pays? (g) (10) Find the surplus to consumers CS'Hr and producers PS\" under the twopart tariff, as well as the deadweight loss DWLH. How much surplus 08;\" goes to each consumer? (100) Larry holds a monopoly in the market for pies, with no fixed costs and a constant marginal cost of c = 24. Moe, Curly, and Shemp are the three consumers who have the individual demand curves q1 (p) = 30 - 92 (p) = 20 - 93 (P) = 10
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