Question 1 Not complete Marked out of 1.00 \\V Flag question A monopoly has a demand function P = 100 2Q. Its total cost function is TC = 20 + 20(3). The prot-maximizing price is $[ Answer ]. (In decimal numbers, with two decimal places, please.) Answer: Question 2 Not complete Marked out of 1.00 '9' Flag question Continue from the previous question. The quantity produced by the monopolist is [Answer] units. (In decimal numbers, with two decimal places, please.) Answer: Question 3 Not complete Marked out of 1.00 V Flag question Continue from the previous questions. The amount of price markup is [Answer ]%. (In decimal numbers, with two decimal places, please.) Answer: Question 4 Not complete Marked out of 1.00 V Flag question Suppose that there is only one restaurant in city A. The demand faced by the restaurant is P = 127 3Q where Q is the number of meals provided and can only take integer values. The marginal cost of producing an additional unit of food is $10. The restaurant should charge $[ Answer] per meal. (In integers, please.) Answer: Question 5 Not complete Marked out of 1.00 V Flag question Continue from the previous question. The deadweight loss caused by the monopolistic restaurant is $[ Answer ]. (In decimal numbers, with two decimal places, please.) Answer: Question 6 Not complete Marked out of 1.00 V Flag question Suppose the demand faced by a monopolist is given by Q = 2P + 300. The marginal cost of the monopolist is MC = Q. The profit-maximizing quantity is [Answer]. (In decimal numbers, with two decimal places, please.) Answer: Question 7 Not complete Marked out of 1.00 V Flag question Continue from the previous question. The price it should charge is $[ Answer ]. (In decimal numbers, with two decimal places, please.) Answer: Question 8 Not complete Marked out of 1.00 V Flag question Continue from the previous questions. The consumer surplus is $[ Answer ]. (In decimal numbers, with two decimal places, please.)