Question
1A. Consider a monopolist with demand q = 120 - 2p and marginal cost MC = 40. Determine the firm's price and quantity under uniform
1A.
Consider a monopolist with demand q = 120 - 2p and marginal cost MC = 40. Determine the firm's price and quantity under uniform pricing.
Question 1 options:
p = 50; q = 20
p= 45; q=40
p=40; q = 30
p=20; q = 40
B.
Consider a monopolist with demand q = 120 - 2p and marginal cost MC = 40. Determine the firm's profits under uniform pricing.
Question 2 options:
100
200
150
300
C.
Consider a monopolist with demand q = 120 - 2p and marginal cost MC = 40. Determine the producer surplus under uniform pricing.
Question 3 options:
100
200
300
150
D.
Consider a monopolist with demand q = 120 - 2p and marginal cost MC = 40. Determine the consumer surplus under uniform pricing.
Question 4 options:
200
150
300
100
E.
Consider a monopolist with demand q = 120 - 2p and marginal cost MC = 40. Determine the total surplus under uniform pricing.
Question 5 options:
150
100
200
300
F.
Consider a monopolist with demand q = 120 - 2p and marginal cost MC = 40. Suppose the firm is able to participate in perfect price discrimination. Determine the firm's optimal output.
Question 6 options:
q=40
q = 20
q = 60
q = 30
G.
Consider a monopolist with demand q = 120 - 2p and marginal cost MC = 40. Suppose the firm is able to participate in perfect price discrimination. Determine the firm's profits.
Question 7 options:
400
200
q = 300
100
H.
Consider a monopolist with demand q = 120 - 2p and marginal cost MC = 40. Suppose the firm is able to participate in perfect price discrimination. Determine the consumer surplus.
Question 8 options:
0
q = 100
50
25
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