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A monopolist has a cost function given

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25.4 A monopolist has a cost function given by c(y) = y^2 and faces;a demand curve given by P(y) = 120? y.;If you put a lump sum tax of $100 on this monopolist, what would its output be?;If you wanted to choose a price ceiling for this monopolist so as to;maximize consumer plus producer surplus, what price ceiling should you;choose?

 

Paper#28775 | Written in 18-Jul-2015

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