Question: Just need help with #33! the rest are correct. thank you For the following two graphics to the right, provide the specified information below for

 Just need help with #33! the rest are correct. thank you

Just need help with #33! the rest are correct. thank you

For the following two graphics to the right, provide the specified information

For the following two graphics to the right, provide the specified information below for each. Inverse Demand: P= 43.75 - .00625 Q; MR = 43 - 0.0125 Q 50 300 1 24) Profit Maximizing Q or QTmax_ 45 25 25) Price at QTmax. 40 10 26) ATC at QTmax- 35 MC 4500 1 27) Profit at QTmax_ 30 4050 28) Approx. Q at Price=MC or Qp=mc_ - MR . . ..... . ......desser.......... $ per unit 25 ATC . . . .... MC 6.25 29) Approx. MC at QTmax- - AR 20 ATC 9468.75 30) Estimated Dead Weight Loss_ (Triangle est.) 15 C 1 31) Market Organization 10 A) Perfect Competition; B) Monopolistic Competition; C) Monopoly P=AR 0.75 32) Lerner Index MR O 1 33) Elasticity of Demand (dP/dQ)*p/Q O 0OOL 0009 0OS 9 OOOS OOSS OOS 3000 4000 2500 OOst 1500 000Z 1000 3500 Quantity 34) T/F The Lerner Index is the negative of the reciprocol of Elasticity of Demand 3.571428571 35) Value of Markup Factor 25 36) Markup factor times MC

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