Price, MR MC 100 65 50 30 35 50"\" 70 100 Quantity Reference: Ref 1318 (Figure: The Monopolist III) Look at the gure The Monopolist III. If this monopolist protmaximizes, it will produce units and charge a price equal to . Its producer surplus will be equal to , its consumer surplus will equal , and the deadweight loss is equal to a. 70; $35; $1225; $615.50; $615.50 b. 35; $65; $1225; $612.50; $612.50 c. 100; $65; $1500; $615.50; $1000 a d. 50; $30; $1200; $600; $100 3.50 2.00 1.50 1.20 O 300 400 Quantity of hamburgers (per week) Reference: Ref 7-10 (Figure: The Market for Hamburgers) Look at the gure The Market for Hamburgers. If the market is originally in equilibrium and the government imposes an excise tax of $0.80 per unit of the good sold, consumer surplus will be reduced by: a. $240. I). $105. c. $90. , d. $175. 3.50 2.00 1-50 _......... ....... ' i l 0 300 400 Quantity of hamburgers (per week) Reference: Ref 71 0 (Figure: The Market for Hamburgers) Look at the gure The Market for Hamburgers. If the market is originally in equilibrium and the government imposes an excise tax of $0.80 per unit of the good sold, the deadweight loss associated with the tax will be: a. $240. b. $90. C. $105. (1. $40. Cell phone minutes Gasoline (litres) Reference: Ref 10-11 (Figure: Income and Substitution Effects) Look at the gure Income and Substitution Effects. Carlos is originally consuming his optimal consumption bundle at point A in the gure when the price of gasoline falls. The movement from K2 to K3 reects: a the income effect of the price decrease of gasoline and the substitution effect of the price decrease of ' gasoline. b. the total change in quantity demanded due to the decrease in the price of gasoline. c. the substitution effect of the price decrease of gasoline. d. the income effect of the price decrease of gasoline. of Labour of Labour O 19 17 Marginal 2 product 15 of labour 3 (bushels 13 per worker) 20 Marginal product 11 16 of labour, MPL U 12 8 6 4 0 1 2 3 4 5 6 7 8 Quantity of labour (workers) 8 Reference: Ref 11-2 (Figure: The Marginal Product of Labour) Look at the figure The Marginal Product of Labour. The total product of labour for eight workers is: Oa. 75 bushels. b. 96 bushels. Oc. 35 bushels. Od. 40 bushels.Price, marginal revenue. marginal cost, average total cost Quantity (per period) Reference: Ref 13-6 (Figure: Monopoly Model) Look at the gure Monopoly Model. When the rm is in equilibrium (that is, maximizing its economic prot), its total revenue is the area of rectangle: vi:- a. OPDJ. C:- b. IPDH. '5: c. SPDB. 0 d. OSBJ. 20. Table: Prices and Demand Quantity of Hats Price Demanded per Hat 0 $30 1 28 2 26 3 24 4 22 5 2O 6 l 8 7 l 6 8 1 4 Reference: Ref 13-1 2 (Table: Prices and Demand) Look at the table Prices and Demand. The Toronto Blue Jays have a monopoly on Jays logo baseball hats. The Jays sell at most one hat to each customer, and the table shows each customer's willingness to pay. The marginal cost of producing a hat is $18. If the Jays were a perfectly competitive rm in a perfectly competitive industry, deadweight loss would be: \"at. $0. b. $18. c. $12. (1. $24