QUESTION 4 Price 180 168 156 144 120 108 96 84 72 60 48 36 24 12 0 45 135 90 180 225 - 270 315 360 Quantity -MR- 405 495

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Question 4 Price 180 168 156 144 120 108 96 84 72 60 48 36 24 12 0 45 135 90 180 225 270 315 360 Quantity Mr 405 495 1 (32.5 KiB) Viewed 21 times

Question 4 Price 180 168 156 144 120 108 96 84 72 60 48 36 24 12 0 45 135 90 180 225 270 315 360 Quantity Mr 405 495 2 (35.16 KiB) Viewed 21 times

Question 4 Price 180 168 156 144 120 108 96 84 72 60 48 36 24 12 0 45 135 90 180 225 270 315 360 Quantity Mr 405 495 3 (16.3 KiB) Viewed 21 times

QUESTION 4 Price 180 168 156 144 120 108 96 84 72 60 48 36 24 12 0 45 135 90 180 225 - 270 315 360 Quantity -MR- 405 495 450 540 -MOXAC A monopoly face the following demand, marginal revenue and marginal cost functions Note that in this case MC(Q)= AC(Q) for all Q. Calculate consumer surplus if the monopoly charges the (single) profit maximizing price 630 675

QUESTION 5 Price 180 168 156 144 132 120 108 96 84 72 60 48 36 24 12 0 0 A 45 90 135 180 225 270 315 360 405 450 495 540 Quantity -P-MR eLearning Help <--MC-AC 545 A monopoly face the following demand, marginal revenue and marginal cost functions Note that in this case MC(Q)= AC(Q) for all Q. Calculate the monopoly's profits if the monopoly perfectly price discriminates 630 675 2

QUESTION 6 Suppose that there is a 90 percent change that George's coffee shop will make $7000 in profits in January and a 10 percent chance that it will make -$1000 in profits (i.e., it will lose $1000). Calculate the coffee shop's expected profits 6200