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Please refer to the background Information below to answer the following five questions. Your mom is the monopoly supplier of jokes in (humorless) Ho Hum.

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Please refer to the background Information below to answer the following five questions. Your mom is the monopoly supplier of jokes in (humorless) Ho Hum. She faces a demand curve and a marginal cost curve given by following equations Demand: Q =86 -0.17P jokes per day Marginal Cost: MO =80 dollars per joke Assume that jokes are perfectly divisible. 60. Your profit-maximizing mom would produce [ Answer60A = 36.20 ] jokes per day, and set a price of [ Answer60B = 292.94 ] dollars per joke. 61. The price elasticity of demand at the profit-maximizing quantity is [ Answer61 = -1.38 ] 62. The markup at the profit-maximizing quantity is [ Answer62 = 266.18 ] percent. 63. The socially efficient quantity is [ Answer63 = 72.40 ] jokes. 64. Compared to the socially efficient quantity, monopoly pricing leads to a deadweight loss of [ Answer64 = 3854.24 ] dollars per day.

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