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Question 12 Not complete Marked out of 1.00 F Flag question Your mom is the monopoly supplier ofjokes in (humorless) Ho Hum. She faces a
Question 12 Not complete Marked out of 1.00 F Flag question Your mom is the monopoly supplier ofjokes in (humorless) Ho Hum. She faces a demand curve and a marginal cost curve given by following equations Demand: Q = 86 - 0.17Pjokes per day Marginal Cost: MC = 68 dollars perjoke Assume that jokes are perfectly divisible. Your profit-maximizing mom would set a price of [Answer] dollars per joke. (In decimal numbers, with two decimal places, please.) Answer: Question 13 Not complete Marked out of 1.00 F Flag question Continue with the last question. The price elasticity of demand at the prot-maximizing quantity is [Answer]. (In decimal numbers, with two decimal places, please.) Answer: Question 14 Not complete Marked out of 1.00 F Flag question Continue with the last question. The markup at the prot-maximizing quantity is [Answer] percent. (In decimal numbers, with two decimal places, please.) Answer: Question 15 Not complete Marked out of 1.00 F Flag question Continue with the last question. The socially efcient quantity is [Answer] jokes. (In decimal numbers, with two decimal places, please.) Answer: Question 16 Not complete Marked out of 1.00 F Flag question Continue with the last question. Compared to the socially efficient quantity, monopoly pricing leads to a deadweight loss of [Answer] dollars per day. (In decimal numbers, with two decimal places, please.)
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