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Answer on Microeconomics Question 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)
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22.04.2014 09:56

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08.04.2014 11:08

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03.04.2014 17:54

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