answer question #4 a-g

Pages File Edit Insert Format Arrange View Share Window Help 1) : D: a? Q Q 8 o TueMay3 10:15 PM Econ 202.docx, Homework 9 9 E L\"C1 E E E ORK DUE MARCH 21 HUM ORK DUE APRIL 3 HUM 143 11-1 5 due 0004 BUSINESS ' 17 OUIX DUE MARCH 26 - APTER 18 DUE APRIL 2ND Font 150 300 350 400 Quantlty per day Multiple Regular What output level should the rm produce to maximize prot? Explain why B racter Styles What price should the rm charge to maximize prot? Text Color 1? Is the rm making positive prot or suffering loss? Explain how do you know? Refer to the graph above. If government regulates the rm above by imposing price ceiling at the socially optimal price, the monopolist will produce units to maximize prot and will charge price per unit (you can divide the sale) Spacing How will the government regulation affect market efciency? Consumer surplus and economic surplus? Explain. Bullets & Lists f. If government regulates the rm above by imposing price ceiling at fair return price, the rm will Drop Cap produce units, charge price per unit, and earn economic profit g. The socially optimal price is socially optimal because: a) it reduces monopolist's prot b) It yield a normal prot b) it minimizes ATC d) it achieves allocative efciency