Barbara has estimated the demand and marginal revenue for her product.They are P = 84 - 2Q (quantity) and MR = 84 - 4Q, respectively.She also experiences a constant marginal cost of $16.What is Barbara’s profit-maximising quantity and price?Question 4Answera.Q = 12; P = $50b.Q = 12; P = $40c.Q = 17; P = $50d.Q = 17; P = $40

Suzanne is the monopoly seller of an illegal product in a particular city. Her marginal cost is $11 per unit and she has no other costs. She faces a demand curve of P = 121–q, and she charges a linear (or single) price to her clients. What is the profit-maximising price Suzanne charges?

A profit-maximising firm in a monopolistic competition setup will seek to produce the quantity Q where (X), and charge the price indicated by the firm’s (Y) curve at quantity Q. Identify X and Y.X = marginal cost equals marginal revenue; Y = marginal cost X = average cost is more than average revenue; Y = average total cost X = marginal cost equals marginal revenue; Y = demand X = average cost is more than average revenue; Y = demand

The table below shows the demand and marginal cost information for a monopolist with a constant marginal cost. Monopoly MarketPrice (dollars) Quantity Demanded Marginal Revenue (dollars) Marginal Cost (dollars)$220 0 — —200 40 $200 $120180 80 160 120160 120 120 120140 160 80 120120 200 40 120100 240 0 120 Instructions: Enter your answers as a whole number. a. For the monopolist, the profit-maximizing price is $ and the profit-maximizing quantity is . b. For the monopolist, the allocatively efficient price is $ and the allocatively efficient quantity is .

Given your answers to the previous question, the marginal revenue is ______________ (less than / greater than / equal to) the price at each quantity demanded?

If a firm’s marginal cost is MC = 4 +4q and market price is $8, what is the profit maximising level of output (assuming the firm produces a positive quantity)?