Answered>Order 19533

Question:4. The figure below shows the cost and revenue curves for a monopolist that does not practice price discrimination. The consumer surplus at the profit-maximizing level of output is:

figure 9.6 in attachment

a. ?$0.

b. ?represented by the area under the demand curve and above the line corresponding to an average total cost of $110.

c. ?equal to total consumer expenditure.

d. ?represented by the area under the demand curve and above the price line corresponding to $136.

e. ?represented by the area under the marginal revenue curve and the line corresponding to a marginal revenue of $60.

6.The figure below shows the cost and revenue curves faced by a profit-maximizing monopolist. If the monopolist engages in perfect price discrimination, its profit-maximizing output will be _____.

figure 9.7 in attachment

a. ?884 units

b. ?976 units

c. ?700 units

d. ?810 units

e. ?1,000 units

8. The figure below shows the total cost and total revenue curves for a monopolist. The profit-maximizing price charged by the monopolist is:

figure 9.3 in attachment

a. ?$80.

b. ?$20.

c. ?$40.

d. ?$23.33.

e. ?$70.

9. The figure below shows the cost and revenue curves faced by a profit-maximizing monopolist. If the monopolist engages in perfect price discrimination, the price of the monopolist’s good will be:

figure 9.8 in attach.

a. ?$120 for all units.

b. ?$104 for all units.

c. ?$136 for all units.

d. ?$120 for the 884th unit.

e. ?$212 for the 884th unit.

11.The figure below shows the cost and revenue curves faced by a monopolist. The profit-maximizing output and price for the monopolist are:

figure 9.1

a. ?117 units and $14, respectively.

b. ?117 units and $22, respectively.

c. ?117 units and $24, respectively.

d. ?150 units and $14, respectively.

e. ?150 units and $22, respectively.

16.The figure below shows the cost and revenue curves for a monopolist. If the monopolist does not price discriminate among its customers, the total amount consumers will spend on its profit-maximizing output is _____.

figure 9.2

a. ?$42,000

b. ?$79,000

c. ?$84,000

d. ?$95,200

e. ?$53,200

30.The true deadweight loss created by a monopolist that does not practice discrimination is most likely to be less than the loss indicated by the shaded area in the figure below, when:

figure 9.11

a. ?the monopolist advertises more to maintain its position.

b. ?the monopolist engages in rent seeking.

c. ?the monopolist faces diminishing marginal returns.

d. ?the monopolist charges lower prices to discourage competition.

e. ?the monopolist experiences diseconomies of scale.