Metropolitan Power and Light is a monopoly in the electrical generation and distribution industry. If it charges $10 per kilowatt hour, its marginal revenue could be $: 10.99. 10.75. 11.25. 9.99.
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- Consider the only electric company in a small town, which you can assume operates as a natural monopoly. The following graph shows the demand curve for electricity services per month, as well as the provider's marginal revenue (MR) curve, marginal cost (MC) curve, and average total cost (ATC) curve. PRICE (Dollars per subscription 100 90 80 10 0 0 2 MR 8 11 4 10 12 14 QUANTITY (Thousands of subscriptions) 16 ATC MC 18 20 (?)(Figure: Electricity Generation). What is this monopolist's maximum profit? Group of answer choices $300 $400 $1000 $810Consider the local telephone company, a natural monopoly. The following graph shows the demand curve for phone services, the company's marginal revenue curve (labeled MR), its marginal cost curve (labeled MC), and its average total cost curve (labeled AC). (Hint: Click a point on the graph to see its exact coordinates.) PRICE (Dollars per month) 160 140 120 100 80 60 40 20 0 0 1 MR 2 3 4 567 QUANTITY (Thousands of households per month) AC MC D 8 (?)
- Don't use pen or paper A monopoly firm faces the following average revenue (demand) curve: P = 360 − 0.04Q where Q denotes the output and P is the price, measured in dollars The firm’s cost function is given by C = 60Q + 5000. Assume that the firm maximizes profits. The marginal cost (MC) of production is $60. question: Can you calculate the deadweight loss (i.e., the efficiency loss) generated in this monopoly market? Group of answer choices $281250 $150000 $252800 $210825QUESTION 3 You are considering subscribing to ESPN+. You are willing to pay up to $83 per year for a subscription. The current annual price is $26. Calculate your consumer surplus under these circumstances. QUESTION 4 180 168 156 144 132 120 108 96 84 72 60 48 36 24 12 0 0 45 90 135 180 225 270 315 360 405 450 495 540 585 630 675 Quantity P -MR---MC=AC A monopoly face the following demand, marginal revenue and marginal cost functions Note that in this case MC(Q)= AC(Q) for all Q. Calculate the monopoly's profits if the monopoly charges the single profit maximizing price O 18,550 O 19,440 O 19,100 O 14,500Suppose a monopoly's price elasticity of demand equals -2 and the marginal cost of production equals $400.00. The profit-maximizing price is $ (Enter a numeric response using a real number rounded to two decimal places., What will be the firm's markup? When maximizing profit, the monopoly's markup is percent. (Round your response to the nearest percent.) 20 Mact 80 F1 F2 F3 F4 F5 F6 F7 @ 23 $ & 1 3 4 7 8 Q W E R Y
- If public utilities are a natural monopoly, what would be the danger in deregulating them?When selling downloadable software, e-books, and music streaming platforms, the marginal cost of making one more unit is basically zero. The average total cost is currently $1 per book. If a monopoly is operating in this market and is maximizing profits, marginal revenue is Select an answer and submit. For keyboard navigation, use the up/down arrow keys to select an answer. a Greater than $0 Less than $0 $0 d $1 e There is not enough information to answer this question.A monopoly firm can sell 150 units of output for $12.00 per unit. Alternatively, it can sell 151 units of output for $11.85 per unit. What is the marginal revenue of the 151st unit of output? -$11.85 -$10.65 $10.65 $11.85
- Yoselyn has a monopoly on foldable smartphones. Her marginal cost is $150, and her inverse demand is P = 550 - 2Q. What is the deadweight loss in this monopoly? $20,000 $0 $40,000 $10,0003- A monopolist has set her level of output to maximize profit. The firm's marginal revenue is $10, and the price elasticity of demand is -2.0. The firm's profit maximizing price is approximately: 20 10 3761904 d) 40 Leave blankGreenwheel has a monopoly on biodegradable tires. The inverse market demand is given by P = 1,425 - 5Q. The monopolist's costs are described by C = 10,000 + 200Q + 10Q2. What is the profit-maximizing price? 5 285 300 1,180 b
