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1.Why should we care about dead weight loss? [2 points] Why should we care about dead weight loss? [2 points] The Don't Go There: Cautionary

1.Why should we care about dead weight loss?

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[2 points] Why should we care about dead weight loss? [2 points] The \"Don't Go There: Cautionary Sign" Store is a monopolist which faces a market demand curve Q=150-3P. It has a marginal cost of MC=$4. Find the monopolist equilibrium price and quantity. [3 points} The monopolist: r'You Can't Handle the Ruth" sells baseball cards. It has a fixed cost of $5000 in rent, and a variable cost of 2Q. Q is t he number of baseball cars wehich are sold. The rm faces a market demand curve of P=ZOD-Q. a. What is the firms prots maximizing equilibrium? b. How much profits is the firm making? c. Should it stay open or shut down? [3 points] The 100 Cent Store operates 3 stores which have the following marginal cost: M6101) =49 M02 ((1) = 2+9 M03031): 3+2q And faces a demand of P=3lJ 3. Find the monopolist prot maximizing price and output. b. Find the individuals stores output. it know that store and output and sounds weird, but 100 cent store was took hard to pass up: its crazy funny) Fl 1:: l7]

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