Question: Hello, please find the attached image. This course if microeconmics. Please help me out. I have answers some but the rest cant figure it out.

Hello, please find the attached image. This course if microeconmics. Please help me out. I have answers some but the rest cant figure it out. Thanks

Hello, please find the attached image. This course if microeconmics. Please help

6 The table given below depicts the metal keg industry, which is perfectly competitive. (All units, apart from price, are in thousands per week.) 10 Price ($) Quantity points Demanded TR ($) MR ($) MC ($) 30 0 Skipped 29 18 28 2 10 eBook 27 3 26 4 Print 25 5 14 References 24 6 19 23 23 22 27 21 32 a) Complete the table given above. b) What are the equilibrium values of price, quantity traded, and total profit (or loss) in the industry? (Recall that the supply for a perfectly competitive industry is the same as the marginal cost. Price: $[; Quantity: thousands Profit/loss: $ thousands c) Suppose, instead, that the table depicts a monopolist. What will be the profit-maximizing price, quantity, and profits? Price: $[ 7; Quantity:[ thousands Profit/loss: $ thousands d) Now, suppose that the government is not satisfied with the monopolist's situation and decides to impose a lump-sum monopoly tax of $2,400. What will be the price, quantity, and profits? Price: $ ; Quantity: thousands Profit/loss: $[ thousands e) Instead of the tax, the government decides to impose a socially optimum price. What will be the price, quantity, and profits? Price: $[ ; Quantity: thousands Profit/loss: $ thousands f) Finally, suppose that instead of the socially optimum price, the government imposes a fair-return price. What will be the price, quantity, and profits? Price: $ ; Quantity: thousands Profit/loss: $ thousands

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