Recalling the information from the Botox Patent Monopoly application, inverse demand was p=750-375Q, marginal revenue was...

 

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Recalling the information from the "Botox Patent Monopoly" application, inverse demand was p=750-375Q, marginal revenue was MR = 750-750Q, marginal cost was MC = 25, a constant, and quantity is in millions of units. What would happen to the monopoly-optimal price and quantity if the government had collected a specific tax of $75 per vial of Botox? The monopoly-optimal price would be $ 423.75. (round your answer to two decimal places) The monopoly-optimal quantity would be 0.87 million units. (round your answer to two decimal places) What welfare effects would such a tax have? What welfare effects would such a tax have? The deadweight loss (DWL) is $ million. (round your answer to two decimal places) Recalling the information from the "Botox Patent Monopoly" application, inverse demand was p=750-375Q, marginal revenue was MR = 750-750Q, marginal cost was MC = 25, a constant, and quantity is in millions of units. What would happen to the monopoly-optimal price and quantity if the government had collected a specific tax of $75 per vial of Botox? The monopoly-optimal price would be $ 423.75. (round your answer to two decimal places) The monopoly-optimal quantity would be 0.87 million units. (round your answer to two decimal places) What welfare effects would such a tax have? What welfare effects would such a tax have? The deadweight loss (DWL) is $ million. (round your answer to two decimal places)

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4 Given P 8003750 MR 8007500 Mc25 The monopoly optimal price would be 14851741778 43625 monopo... View the full answer