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6. [3 points] A monopoly faces the inverse demand p = 500-40, and MC is constant at 12. Find the monopolist's profit-max
Posted: Thu May 05, 2022 6:51 am
by answerhappygod
- 6 3 Points A Monopoly Faces The Inverse Demand P 500 40 And Mc Is Constant At 12 Find The Monopolist S Profit Max 1 (38.83 KiB) Viewed 48 times
6. [3 points] A monopoly faces the inverse demand p = 500-40, and MC is constant at 12. Find the monopolist's profit-maximizing price and quantity and resulting deadweight loss P=_______256 Q= 61 DWL= 7442 1 ver. B 7. [2 points] Suppose a town has just one gym that acts as a monopolist. All potential gym customers are identical, and their monthly demand for gym visits as p=40-3q where p is price per visit and q is number of visits per month. The gym has a constant marginal cost of $4 per visit. Find the optimal two-part tariff to charge each customer. Price per visit Monthly Membership Fee 216 8. [2 points] The demand in the market is p=70-2Q. There are only two firms, A and B, selling an identical good. Each has the same cost function: C(q) = 10q. Find the Cournot equilibrium. = 91 = 10 9₂ = 10