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##### A monopolist faces the inverse demand function described by p = 100 ? 2q, where q is output.

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Question;HW;4;1.;(.25 points) A monopolist;faces the inverse demand function described by p = 100 ? 2q, where q is output.;Then, the marginal revenue function is given by;2.;(.25 points) A monopolist;faces the inverse demand function described by p = 100 ? 2q, where q is output.;The monopolist has no fixed cost and his marginal cost is $20 at all levels of;output. What is the monopolist?s profit as a function of his output?;3.;(.25 points) A monopolist;faces the inverse demand function described by p = 100 ? 2q, where q is output.;The monopolist has no fixed cost and his marginal cost is $20 at all levels of;output. What is the level of output that will maximize monopolist?s profit?;4.;(.25 points) A monopolist;faces the inverse demand function described by p = 100 ? 2q, where q is output.;The monopolist has no fixed cost and his marginal cost is $20 at all levels of;output. What is the monopolist?s price?;5.;(.25 points) A demand for;the book is Q = 250 ? 20p. Then, the marginal revenue function is given by;6.;(.25 points) A demand for;the book is Q = 250 ? 20p. The cost function is c(Q) = Q2/5 What is the level;of output that will maximize the monopolist?s profit?;7.;(.25 points) A demand for;the book is Q = 250 ? 20p. The cost function is c(Q) = Q2/5 What is the;monopolist?s price?;8.;(.25 points) A;profit-maximizing monopoly faces an inverse demand function described by the;equation p(y) = 25 ? y and its total costs are c(y) = 5y, where prices and costs;are measured in dollars. What is the level of output that will maximize;monopolist?s profit?;9.;(.25 points) A profit-maximizing monopoly faces an inverse demand function;described by the equation p(y) = 25 ? y and its total costs are c(y) = 5y;where prices and costs are measured in dollars. What is the monopolist?s price?;10.(.25;points) A profit-maximizing monopoly faces an inverse demand function described;by the equation p(y) = 25 ? y and its total costs are c(y) = 5y, where prices;and costs are measured in dollars. In the past it was not taxed, but now it;must pay a tax of 5 dollars per unit of output. Find the marginal cost after;the tax.;11.(.25;points) A profit-maximizing monopoly faces an inverse demand function described;by the equation p(y) = 25 ? y and its total costs are c(y) = 5y, where prices;and costs are measured in dollars. In the past it was not taxed, but now it;must pay a tax of 5 dollars per unit of output. What is the level of output;that will maximize monopolist?s profit after tax?;12.(.25;points) A profit-maximizing monopoly faces an inverse demand function described;by the equation p(y) = 30 ? y and its total costs are c(y) = 6y, where prices;and costs are measured in dollars. In the past it was not taxed, but now it;must pay a tax of 2 dollars per unit of output. Find the monopoly price after;the tax.

Paper#55400 | Written in 18-Jul-2015

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