The next two questions are based on the following information. Consider a monopolist that operates under the following demand curve 1 ZP and faces total cost curve TC = 10 + 2q+q Find the consumer surplus, producer surplus, total welfare and dead weight loss under monopoly pricing. A. CS = 32, PS = 200, Total Welfare = 232, DWL = 64 B. CS= 64, PS= 192, Total C. CS= 64, PS = 200, Total D. CS = = 64, PS= 200, Total Welfare Welfare = 258, DWL = 32 Welfare = 264, DWL = 32 264, DWL = 64 8 17 9D = 25. What is the price elasticity of demand under monopoly pricing? 17 A. = B. = C. = D. = 17 17 = A monopolist has an inverse demand curve given by p(y) = 10- y and a cost curve given by c(y) = y. Find its profit- maximizing level of output y* and price p*. A. y* = 9, p* = 3 B. y* = 2,p* = 8 C. y* = 6,p* = 12 D. y* = 6,p* = 8