Answer to Question #47995 in Microeconomics for Tom

Question #47995
Monopoly’s marginal cost is constant and equal to c. monopoly demand function given by D(p) = 180 – p. After maximizing profit, quantity of 80. a) Illustrate graphically the monopoly’s profit maximization. b) Calculate the monopoly’s marginal cost c. c) Calculate the monopoly’s profit in case it has a fixed cost of 1400. d) Calculate the social welfare (or deadweight) loss caused by the monopoly (not taking into account the monopoly’s fixed cost).
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2014-10-21T12:31:02-0400

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