16. The following table shows the cost information for a firm in a perfectly competitive industry.

The market price is $26 and the firm chooses their optimal quantity. Calculate their profit.

Q	FC	VC	TC	MC	AFC	AVC	ATC
0	20		20
1	20	16	36	16	20.0	16.0	36.0
2	20	34	54	18	10.0	17.0	27.0
3	20	54	74	20	6.7	18.0	24.7
4	20	76	96	22	5.0	19.0	24.0
5	20	100	120	24	4.0	20.0	24.0
6	20	126	146	26	3.3	21.0	24.3
7	20	154	174	28	2.9	22.0	24.9
8	20	184	204	30	2.5	23.0	25.5
9	20	216	236	32	2.2	24.0	26.2
10	20	250	270	34	2.0	25.0	27.0
11	20	286	306	36	1.8	26.0	27.8
12	20	324	344	38	1.7	27.0	28.7
13	20	364	384	40	1.5	28.0	29.5
14	20	406	426	42	1.4	29.0	30.4
15	20	450	470	44	1.3	30.0	31.3
16	20	496	516	46	1.3	31.0	32.3
17	20	544	564	48	1.2	32.0	33.2
18	20	594	614	50	1.1	33.0	34.1
19	20	646	666	52	1.1	34.0	35.1
20	20	700	720	54	1.0	35.0	36.0

Answer:

17. The following is information for a perfectly price discriminating monopolist.

Demand: P = 5600 - 4Q

Marginal revenue = P = 5600 - 8Q

Marginal cost = ATC = 200

Calculate the producer surplus for the monopolist.

You do not need to enter the $ sign or commas for large numbers. E.g. $50,000 can be entered as 50000

When answers are not whole numbers you can leave one number after the decimal. E.g. 10.2874 can be entered as 10.3

Answer:

18.

ECON 1150 A10 FALL Quiz navigation Question 18 The diagram below shows a natural monopoly. 2021 Not yet 2 3 4 5 6 8 C answered If the firm is price regulated at breakeven, what quantity will be Participants produced? Marked out of 10 12 13 14 15 16 17 18 2.00 U Badges Flag Finish attempt ... question 50 Grades Time left 1:49:34 38 General 30 7 September - 13 28 September 24 BT ATC 14 September - 20 10 MC September MR D 0 14 24 30 34 48 60 Q 21 September - 27 September Answer: 28 September - 4 October 5 October - 11 October Previous page Finish attempt ... 34,550 DEC 9 stv 4 Ai Ps