Answer to Question #40775 in Microeconomics for Alishia

Question #40775
if the inverse demand curve is p=120-Q and the marginal cost is constant at 10, how does charging the monopoly a specific tax of r= 10 per unit affect the monopoly optimum and the welfare of consumers, the monopoly, and society ( where society's welfare includes the tax revenue)? What is the incidence of the tax on consumers? (15 marks)
1
Expert's answer
2014-03-31T08:53:22-0400
The answer to the question is available in the PDF file https://www.assignmentexpert.com/https://www.assignmentexpert.com/homework-answers/economics-answer-40775.pdf

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Assignment Expert
22.04.14, 16:56

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letushila
21.04.14, 21:30

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08.04.14, 18:08

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josephina
04.04.14, 00:54

the answer was very helpful to my question. I thank you may the almighty God richly bless you and extend your understanding and give you wisdom.

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