Exam 25:Monopoly-Part B

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.After the tax,the monopoly will

The demand for Professor Bongmore's new book is given by the function Q = 8,000 - 100p.If the cost of having the book edited and typeset is $17,000,if the marginal cost of printing an extra copy is $4,and if he has no other costs,then he would maximize his profits by

In Problem 1,if the demand schedule for Bong's book is Q = 5,000 -100p,the cost of having the book typeset is $6,000,and the marginal cost of printing an extra book is $4,then he would maximize his profits by

In Problem 6,if there are no fixed costs and marginal cost is constant at $48,the price elasticity of demand at the profit-maximizing level of output is closest to

In Problem 6,if there are no fixed costs and marginal cost is constant at $44,the price elasticity of demand at the profit-maximizing level of output is closest to

In Problem 6,if there are no fixed costs and marginal cost is constant at $24,the price elasticity of demand at the profit-maximizing level of output is closest to

The demand for Professor Bongmore's new book is given by the function Q = 6,000 -100p.If the cost of having the book edited and typeset is $18,000,if the marginal cost of printing an extra copy is $4,and if he has no other costs,then he would maximize his profits by

The demand for Professor Bongmore's new book is given by the function Q= 5,000 -100p.If the cost of having the book edited and typeset is $20,000,if the marginal cost of printing an extra copy is $4,and if he has no other costs,then he would maximize his profits by

The demand for Professor Bongmore's new book is given by the function Q =8,000 - 100p.If the cost of having the book edited and typeset is $7,000,if the marginal cost of printing an extra copy is $4,and if he has no other costs,then he would maximize his profits by

A firm has invented a new beverage called Slops.It doesn't taste very good,but it gives people a craving for Lawrence Welk's music and Professor Johnson's jokes.Some people are willing to pay money for this effect,so the demand for Slops is given by the equation q = 18 - p.Slops can be made at zero marginal cost from old-fashioned macroeconomics books dissolved in bathwater.But before any Slops can be produced,the firm must undertake a fixed cost of $86.Since the inventor has a patent on Slops,it can be a monopolist in this new industry.

A profit-maximizing monopoly faces an inverse demand function described by the equation p(y)= 90 - y and its total costs are c(y)= 8y,where prices and costs are measured in dollars.In the past it was not taxed,but now it must pay a tax of 8 dollars per unit of output.After the tax,the monopoly will

A firm has invented a new beverage called Slops.It doesn't taste very good,but it gives people a craving for Lawrence Welk's music and Professor Johnson's jokes.Some people are willing to pay money for this effect,so the demand for Slops is given by the equation q =16- p.Slops can be made at zero marginal cost from old-fashioned macroeconomics books dissolved in bathwater.But before any Slops can be produced,the firm must undertake a fixed cost of $69.Since the inventor has a patent on Slops,it can be a monopolist in this new industry.

A profit-maximizing monopoly faces an inverse demand function described by the equation p(y)=90 -y and its total costs are c(y)= 9y,where prices and costs are measured in dollars.In the past it was not taxed,but now it must pay a tax of 4 dollars per unit of output.After the tax,the monopoly will

A profit-maximizing monopoly faces an inverse demand function described by the equation p(y)= 60-y and its total costs are c(y)=10y,where prices and costs are measured in dollars.In the past it was not taxed,but now it must pay a tax of 4 dollars per unit of output.After the tax,the monopoly will

In Problem 1,if the demand schedule for Bong's book is Q = 3,000 -100p,the cost of having the book typeset is $10,000,and the marginal cost of printing an extra book is $4,then he would maximize his profits by

A profit-maximizing monopoly faces an inverse demand function described by the equation p(y)= 50 -y and its total costs are c(y)=10y,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.After the tax,the monopoly will

In Problem 1,if the demand schedule for Bong's book is Q = 2,000 -100p,the cost of having the book typeset is $9,000,and the marginal cost of printing an extra book is $4,then he would maximize his profits by

A firm has invented a new beverage called Slops.It doesn't taste very good,but it gives people a craving for Lawrence Welk's music and Professor Johnson's jokes.Some people are willing to pay money for this effect,so the demand for Slops is given by the equation q=18- p.Slops can be made at zero marginal cost from old-fashioned macroeconomics books dissolved in bathwater.But before any Slops can be produced,the firm must undertake a fixed cost of $86.Since the inventor has a patent on Slops,it can be a monopolist in this new industry.

A firm has invented a new beverage called Slops.It doesn't taste very good,but it gives people a craving for Lawrence Welk's music and Professor Johnson's jokes.Some people are willing to pay money for this effect,so the demand for Slops is given by the equation q =20 - p.Slops can be made at zero marginal cost from old-fashioned macroeconomics books dissolved in bathwater.But before any Slops can be produced,the firm must undertake a fixed cost of $105.Since the inventor has a patent on Slops,it can be a monopolist in this new industry.

In Problem 1,if the demand schedule for Bong's book is Q =3,000 - 100p,the cost of having the book typeset is $9,000,and the marginal cost of printing an extra book is $4,then he would maximize his profits by