30. The marginal benefit of Good X to Consumer A is $43, the price is $29,...

 

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30. The marginal benefit of Good X to Consumer A is $43, the price is $29, and the marginal cost of Good X to Company B is $17. Therefore, the consumer surplus in and the producer surplus is Use the graph below to answers questions 31 and 33. Price MR Me 31. In the graph above, show the price the government would charge and the amount produced in the natural monopoly model. Mark your point with Pg and Q D 32. In the graph above, show the profit area when the natural monopoly is allowed to charge the price that they want. Mark the monopoly's price, Pm and the monopoly's quantity, Q. 33. In the graph above show the price that would be charged if the natural monopoly was forced to charge the perfecth competitive price. Mark the price with Pc. Also show the subsidy area. 34. On the graph below show where the firm's short run supply curve. Price MC AC AVC D Quantity As Angela flips through the menu at Olive Garden, she sees a pasta dish that she really likes (the purchase of i bring her much utility). See immediately thinks, if this dish costs less than $14 I'm going to buy it. Olive Gard make the meal for $7. The price the pasta dish is $11.95. 35. Should an exchange be made? Yes/no 36. If the purchase was made would there be any consumer surplus? yes, no. If yes, how much? 37. If the exchange was made would there be any producer surplus? yes, no. If yes, how much? When Company A makes 5 cars their total costs is $90,000, when they make 6 cars their total costs is $115 they sell 5 cars their total revenue is $150,000, when they sell 6 cars their total revenue is $184,000. 38. What is the marginal cost of producing the 6 car? 39. What is their marginal revenue of sell their 6th car? 40. Should they sell their 6th car? Why or why not? 41. What is their profit when they sell 6 cars? 30. The marginal benefit of Good X to Consumer A is $43, the price is $29, and the marginal cost of Good X to Company B is $17. Therefore, the consumer surplus in and the producer surplus is Use the graph below to answers questions 31 and 33. Price MR Me 31. In the graph above, show the price the government would charge and the amount produced in the natural monopoly model. Mark your point with Pg and Q D 32. In the graph above, show the profit area when the natural monopoly is allowed to charge the price that they want. Mark the monopoly's price, Pm and the monopoly's quantity, Q. 33. In the graph above show the price that would be charged if the natural monopoly was forced to charge the perfecth competitive price. Mark the price with Pc. Also show the subsidy area. 34. On the graph below show where the firm's short run supply curve. Price MC AC AVC D Quantity As Angela flips through the menu at Olive Garden, she sees a pasta dish that she really likes (the purchase of i bring her much utility). See immediately thinks, if this dish costs less than $14 I'm going to buy it. Olive Gard make the meal for $7. The price the pasta dish is $11.95. 35. Should an exchange be made? Yes/no 36. If the purchase was made would there be any consumer surplus? yes, no. If yes, how much? 37. If the exchange was made would there be any producer surplus? yes, no. If yes, how much? When Company A makes 5 cars their total costs is $90,000, when they make 6 cars their total costs is $115 they sell 5 cars their total revenue is $150,000, when they sell 6 cars their total revenue is $184,000. 38. What is the marginal cost of producing the 6 car? 39. What is their marginal revenue of sell their 6th car? 40. Should they sell their 6th car? Why or why not? 41. What is their profit when they sell 6 cars?

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SOLUTION 31 In the graph above show the price the government would charge and the amount produced is the natural monopoly model Mark your point with Pg and Og To find the price and quantity in a natur... View the full answer