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Question 11 For the next five questions 2 pts vel of output? O Q-22 O Q- 15 O Q- 10 O Q-20 O Q -5 O none of the above Question 12 What price will the profit maximizing monopolist charge? 2 pts O P - $10 O P- $20 O P - $40 O P - $80 O P - $140 O none of the above Question 13 How much profit will the monopolist make if she maximizes her profit? 2 pts O Profit - $900 O Profit - $600 O Profit - $800 O Profit - $200 O Profit - $400 O none of the aboveD Question 14 2 pts What is the value of consumer surplus? O CS - $1400 O CS - $900 O CS - $600 O CS - $300 O CS - $200 none of the above D Question 15 2 pts What is the value of the deadweight loss created by this monopoly? O DWL - $200 O DWL - $400 O DWL - $600 O DWL - $800 O DWL - $1000 O none of the above D Question 16 2 pts These next five problems consider tax incidence. Suppose the market supply and demand for guitars in Happy Valley are given by: Demand: P = 1000 - 0.250 Supply: P = 200 + Q What is the equilibrium price and quantity of the product? O P* - 840, Q' - 640 P" - 733.25, Q' - 1067 O P" - 760, Q' - 960 O P* - 800, Q' - 600Question 17 2 pts What is the price elasticity of demand at the equilibrium price? O Elasticity - -2 O Elasticity - -3.333 O Elasticity - -5.25 Elasticity - -0.5 none of the above