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can you help me to solve these questions 88. 89. 90. 91. 92. EXERCISE 2'? Suppose the daily market demand for meat in a small

can you help me to solve these questions

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88. 89. 90. 91. 92. EXERCISE 2'? Suppose the daily market demand for meat in a small town is given by Q0 = 5:5! where Q3 is the quantity demanded (pounds of meat), and p is the price per pound of meat. Suppose the market for meat is competitive, and all rms in the market have a marginal cost of meat of $0.5 per pound. How many pounds of meat per day will be sold in this market? (Round your answers to the nearest two decimals if necessary.) Now suppose instead that this market is served by a monopolist. What is the diiference between the quantity of meat sold in this market and the one sold when the market is competitive (please write the absolute value, that is, ignore negative sign if present}. The daily quantity of meat sold in this market would be a. lower than if the market is competitive. b. higher than if the market is competitive. EXERCISE 28 A very particular local oyster bar allows customers to enter and order oysters only once a day {the owner requires ID and keeps track of customer visits}. The oyster bar owner also allows customers to place only one order per visit. The prot-maximizing owner of the bar knows that there are two types of customers: those who are very hungry, and those who are only mildly hungry. The demand for oysters by any very hungry customer is given by p = 10 q, while those who are mildly hungry have (individual) demand p = 4 2:}. Because the owner of the oyster bar can't easily determine who is a very hungry customer and who is not, she decides to sell oysters in packages. She o'ers a large package of 10 oysters and a small package of 2. The oyster bar owner receives all of the oysters for free from a sailor friend, so her marginal cost is MC = 0. If the oyster bar owner wants the very hungry customers to buy the large package and the mildly hungry customers to buy the small package, what is the most the oyster bar can charge for the small package? If the oyster bar owner wants the very hungry customers to buy the large package and the mildly hungry customers to buy the small package, what is the most the oyster bar can charge for the large package

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