A monopolist is deciding how to allocate output between two geographically separated markets(East Coast andMidwest) Demand and marginal revenue for the two marketsare P1 15Q1MR1 152Q1 P2 352Q2MR2 354Q2 Themonopolist's total cost is C 5 5Q1 Q2 What areprice, output,profits, marginalrevenues, and deadweight loss if the monopolist can pricediscriminate (round all answers to two decimalplaces) In market1, the price is $ 10 10 and the quantity is 5 5 In market2, the price is $ 20 20 and the quantity is 7 5 7 5 Themonopolist's profit is $ 132 5 132 5 and the deadweight loss is $ 68 75 68 75 What areprice, output,profits, marginalrevenues, and deadweight loss if the law prohibits charging different prices in the tworegions (round all answers to two decimalplaces) The market price is $ , and the quantity in market 1 is and the quantity in market 2 is The profit is $ and the deadweight loss is $

The Answer is in the image, click to view ...

Question: A monopolist is deciding how to allocate output between two geographically separated markets(East Coast andMidwest). Demand and marginal revenue for the two marketsare: P1=15Q1MR1=152Q1 P2=352Q2MR2=354Q2

A monopolist is deciding how to allocate output between two geographically separated markets(East Coast andMidwest). Demand and marginal revenue for the two marketsare:

P1=15Q1MR1=152Q1

P2=352Q2MR2=354Q2

Themonopolist's total cost is C=5+5Q1+Q2.

What areprice, output,profits, marginalrevenues, and deadweight loss if the monopolist can pricediscriminate?(round all answers to two decimalplaces)

In market1, the price is $

10 and the quantity is

In market2, the price is $

20 and the quantity is

7.5

7.5.

Themonopolist's profit is $

132.5

132.5 and the deadweight loss is $

68.75

What areprice, output,profits, marginalrevenues, and deadweight loss if the law prohibits charging different prices in the tworegions? (round all answers to two decimalplaces)

The market price is $__________, and the quantity in market 1 is __________ and the quantity in market 2 is ________The profit is $________and the deadweight loss is $___________

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Economics Questions!

1) A Morgan Stanley Analyst produced the financial forecasts provided in the Snap Supplemental Workbook shortly after the offering. The analyst assumed a WACC of 9.7% and 1404 shares outstanding....

Problem 1 [50 points] Suppose that BMW can produce any quantity of cars at a constant marginal cost equal to $20,000 and a fixed cost of $10 billion. You are asked to advise the CEO as to what prices...

A monopolist is deciding how to allocate output between two geographically separated markets (East Coast and West Coast). Demand and marginal revenue for the two markets are: East Coast: P 1 = 15 -Q...

1.5. A monopolist is deciding how to allocate output between two geographically separated markets (East Coast and Midwest). Demand and marginal revenue for the two markets are The monopolists total...

A monopolist is deciding how to allocate output between two geographically separated markets (East Coast and Midwest). Demand and marginal revenue for the two markets are: P1 15 Q1MR1 15 2Q1 P2 ...

please help with this A monopolist is deciding how to allocate output between two geographically separated markets (East Coast and Midwest). Demand and marginal revenue for the two markets are: P, =...

==+5. A monopolist is deciding how to allocate output between two geographically separated markets (East Coast and Midwest). Demand and marginal revenue for the two markets are P1 = 15 - Q1 MR1 = 15...

A monopolist is deciding how to allocate output between two geographically separated markets(East Coast andMidwest). Demand and marginal revenue for the two marketsare: P1=15Q1MR1=152Q1...

=+5. A monopolist is deciding how to allocate output between two geographically separated markets (East Coast and Midwest). Demand and marginal revenue for the two markets are P1 = 15 - Q1 MR1 = 15 -...

economic - 3050 Bmonopolist is deciding how to allocate output between two geographically separated markets (East Coast and Midwest). Demand and marginal revenue for the two markets are: P1=15-Q1...

A plastic injection molding plant will be built to produce 6 million molded parts per year. The plant will run three 8hour shifts per day, five days per week, 50 weeks per year. For planning...

Let A be a nilpotent matrix (see Exercise 56 in Section 4.2). Prove that there is an orthogonal matrix Q such that QT AQ is upper triangular with zeros on its diagonal. [Hint: Use Exercise 27.]

Under what circumstances can a warrantless arrest be made in a private place?

Source of capital Long-term debt Preferred stock Common stock 60000 If WACC is 10%, The cost of Long-term debt is about 5.5% True or False? Value 80000 60000

For the BJT amplifier circuit below, Vec Draw the high-frequency equivalent R1 Re a) circuit, showing all details and labels. Explain how equivalent circuit. Cc Vo you obtained this Rs Find the...

What spectral features allow to differentiate the product from the starting material Erition 09.05 Joh off NH3 (3) Hel cons t H JH 2-1 2 WH

The standard reduction potentials of lithium metal and chlorine gas are as follows: Reaction Reduction potential (VV) Li+(aq)+eLi(s)Li+(aq)+eLi(s) 3.043.04 Cl2(g)+2e2Cl(aq)Cl2(g)+2e2Cl(aq) +1.36+1.36...

Business Law 1. The liability of an incoming partner for the debts of the partnership differs as to whether the debts are antecedent debts or subsequent debts. Explain by drawing an analogy to the...

A close friend complains that you are never available to spend time with him or her anymore.

Your children tell you that you are always criticizing them. Dont you love us anymore? they ask.

Your boss lets you know that you keep arriving late to staff meetings, and this creates problems for everyone in att endance.