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Needing help with the questions not highlighted in green. thank you For the following two graphics to the right, provide the specified information below for
Needing help with the questions not highlighted in green. thank you
For the following two graphics to the right, provide the specified information below for each. Inverse Demand: P=43.75 - .00625 Q; MR = 43 - 0.0125 Q 3000 24) 50 Profit Maximizing Q or Qumax_ 45 25 25) Price at Qumax_ 40 10 26) ATC at Qumax_ 35 MC 1 27) Profit at Qumax_ 30 1 28) Approx. Q at Price=MC or Qp=mc_ .. . .........ser......... . . - MR $ per unit 25 ATC . . ..... MC 1 29) Approx. MC at Qumax_ AR 20 - - ATC 9468.75 1 30) Estimated Dead Weight Loss_ (Triangle est.) 15 31) Market Organization 10 A) Perfect Competition; B) Monopolistic Competition; C) Monopoly P=AR 5 1 32) Lerner Index MR 0 33) Elasticity of Demand (dP/dQ)*p/Q O 0OS9 0OOL OOS 3000 OOSE 4500 OOOS 0009 000Z 00SZ OOSS 1000 1500 0oot Quantity 34) T/F The Lerner Index is the negative of the reciprocol of Elasticity of Demand 3.5714286 35) Value of Markup Factor 36) Markup factor times MCStep by Step Solution
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