HW 4 1. (.25 points) A monopolist faces the inverse demand function described by p = 100 â?? 2q, whe

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 monopolistâ€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 monopolistâ€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 monopolistâ€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 monopolistâ€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
monopolistâ€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
monopolistâ€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 monopolistâ€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 monopolistâ€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. _____________________

 

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