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s 22, 23, 24 and 25 are based on the following information Bubbles is a newly established company selling Bubble Tea. It is the first
s 22, 23, 24 and 25 are based on the following information Bubbles is a newly established company selling Bubble Tea. It is the first and only Bubble Tea supplier in Accra, Ghana. The inverse demand function of Bubble Tea is given by: p= 100-2q where q is the quantity of bubble tea in litres and p the price per litre in Ghanaian cedis. Bubbles' cost function is given by C= 80+3q^2 22) What is the MR function of Bubbles? a. 100-4q b. 100-2q c. 100-q d. 100-0.5q 23) The monopolist price in equilibrium is a. 10 b. 75 c. 80 d. Cannot be determined with the information provided 24) The producer surplus under monopoly is equal to a. 100 b. 200 c. 300 d. 500 25) The deadweight loss of this monopoly is a. Zero. b. 25 c. 50 d. 93.75
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