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I got stuck on monopolist questions. Help is greatly appreciated. This is the information I have, please don't comment on missing data. Question 20 1

I got stuck on monopolist questions. Help is greatly appreciated. This is the information I have, please don't comment on missing data.

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Question 20 1 points Save Answer Scenario: Monopoly with Linear Demand A monopolist faces a linear demand of the form P = a-bQ = 500-200 . Their marginal cost ( MC) curve is estimated by the equation MC = 50 +50 . Their cost per unit ( ATC) at their profit- maximizing output ( QM) is $85, while their cost per unit ( ATC) at the competitive market (socially efficient) output ( Qc) is $100.55. Reference: (Scenario: Monopoly with Linear Demand) (Scenario: Monopoly with Linear Demand) The monopolist will produce _ units in order to maximize profit. O A. 10 O B. 20 O C. 15 O D. 16 O E. 18Scenario: Monopoly with Linear Demand A monopolist faces a linear demand of the form P =a-bQ = 500- 20Q . Their marginal cost ( MC) curve is estimated by the equation MC = 50 +5Q . Their cost per unit ( ATQ at their prot- maximizing output ( OM) is $85, while their cost per unit (ATC) at the competitive market (socially efficient) output ( Qc) is $100.55. Reference: (Scenario: Monopoly with Linear Demand) (Scenario: Monopoly with Linear Demand) To maximize prot, the monopolist will produce where MR is equal to . O A. $80 0 B. $100 0 c. $120 0 D.$150 O E. 5320 Scenario: Monopolist facing a Linear Demand Curve A monopolist faces a linear demand of the form P= a-bQ =750-150 . Their marginal cost ( MC) curve is estimated by the equation MC =100+100 . Their cost per unit ( ATC) at their profit-maximizing output ( QM) is $193.56, while their cost per unit ( ATC) at the competitive market (socially efficient) output ( Qc) is $237.69. Reference: (Scenario: Monopolist facing a Linear Demand Curve) (Scenario: Monopolist facing a Linear Demand Curve) The monopolist will charge a price of _to maximize profit. O A. $608.00 O B. $890.10 O C. $589.15 O D. $506.25 O E. $420.10Question 23 Figure: Computing Monopoly Profit Price, marginal revenue, marginal cost, average K total cost MC ATC E IN P1 G. MR: Demand 0 M Q H Quantity (per period) Reference: Ref 14-1 (Figure: Computing Monopoly Profit) If the monopolist is producing _, they can increase profit by _ O A. at point H; increasing output (to point L) O B. at point H; decreasing output (to point Q) O C. at point Q; increasing output (to point H) O D. at point M; decreasing output (to point 0) O E. at point L; increasing output (to point ])

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