please answer and explain these questions. thanks.
AS.440.601 Mieroeconomic Theory Assignment 3 1. (100) Larry holds a monopoly in the market for pics, with no xed costs and a constant marginal cost of c = 12. Moe. Curly. and Shemp are the three consumers who have the individual demand curve; (a) (11] {f} (g) (h) {i} 'IIlI'l = 2\" - :1 mild = 16 - {3 gram) = 12 f3 (10) Find the competitive equilibrium price p" and quantity rf. How many pics of does each consumer buy? (10] Find the surplus to consumers ('5' and producers 105'" in the competitive equilib- rium. How much surplus ('5: goes to each consumer? (10) Suppose that Larry must charge a single price for all pies. Find his monopoly price pm and quantity q'". How many pics 9:!" does each consumer buy? (10) Find the surplus to couslnners CS\" and producers PS'\" in the monopoly equi- librium. as well as the deadweiht lu'i Dll'L'". How much surplus C'Sf" goes to each consumer? (10) Suppose that Larry is a rst-degree price discriminator. who charges a different. price for each pie consumed. Find the quantity 9; as well as the surplus to consumers CS! and producers Psi. How much q} does each consumer buy and what surplus C5? does each receive? (10) Now suppose that Larry is a second-degree price discriminator who charges different. prices depending on the quantity sold. by implementing a two-part tariff T(q) = a. + pq. Calculate the parameters of the prot maximizing tariff a\" and p\". and the total quantity q\". How much q'i\" does each consumer buy. and what is the average price fag\" that each pays? (10) Find the surplus to consumers CS\" and producers PS\" under the two-part tariff, as well as the deadweight loss Dll'L\" . How much surplus CS,\" goes to each consumer? (10] Now suppose that Larry is a third-degree price discriminator who charges different prices to each consumer by segmenting the market. Suppose that Moe. Curl)". and Shemp prefer to eat apple. cherry. and pumpkin pies respectively. and that Larry can make each of these [or the same cost r- = 12. For each type of pie. find the price pf\" he charges and the quantity q!\" he sells. (10) Find the surplus to consumers CS!\" and producers PSI\" under market segmen- tation as well as the demlwcight loss Bil-'12\"! . How much surplus CHI-i\" goes to each consumer? (10) \"'hich of these equilibria are efcient? Which is best for the consumers. and which is best for the producer