# economic_monopoly

please finish the excel questions……………………..(in the attachment)A
monopoly faces the inverse demand function: p = 100  2Q, with the
corresponding marginal revenue function, MR = 100  4Q. The firms total cost
of production is C = 50 + 10Q + 3Q², with a corresponding marginal cost of MC =
10 + 6Q. a.
Create a spreadsheet for Q =1, 2, 3, , 15. Using the MR = MC rule, determine
the profit-maximizing output and price for the firm and the consequent level of
profit.b. Now
suppose that a specific tax of 20 per unit is imposed on the monopoly. What is
the effect on the monopolys profit-maximizing price?
econproject2_monopoly.xlsx

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A monopoly faces the inverse demand function: p = 100  2Q, with the corresponding marginal revenue function,
MR = 100  4Q. The firms total cost of production is C = 50 + 10Q + 3Q 2, with a corresponding marginal cost of
MC = 10 + 6Q.
a. Create a spreadsheet for Q =1, 2, 3, , 15. Using the MR = MC rule, determine the profit-maximizing output
and price for the firm and the consequent level of profit.
b. Now suppose that a specific tax of 20 per unit is imposed on the monopoly. What is the effect on the
monopolys profit-maximizing price?
ginal revenue function,
nding marginal cost of
maximizing output
effect on the
A monopoly faces the inverse demand function: p = 100  2Q, with the corresponding marginal revenue
function, MR = 100  4Q. The firms total cost of production is C = 50 + 10Q + 3Q 2, with a corresponding
marginal cost of MC = 10 + 6Q.
a. Create a spreadsheet for Q =1, 2, 3, , 15. Using the MR = MC rule, identify the profit-maximizing
output and price for the firm and the consequent level of profit by highlighting the corresponding row.
Inverse Demand Function_P=100-2Q
Marginal Revenue:
MR=100-4Q
Total Cost:
C1 = 3Q2 + 10Q + 50
Marginal Cost:
MC1 = 6q+10
Q
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
p
e
R
MR
C1
MC1
p1
responding
A monopoly faces the inverse demand function: p = 100  2Q, with the corresponding marginal revenue
function, MR = 100  4Q. The firms total cost of production is C = 50 + 10Q + 3Q², with a corresponding
marginal cost of MC = 10 + 6Q.
b. Now suppose that a specific tax of 20 per unit is imposed on the monopoly. Fill in the table below (with
the 2 subscript denoting the cost, marginal cost, and profit level with the specific tax). Indicate the effect
on the monopolys profit-maximizing price by highlighting the corresponding row.
Inverse Demand Function_P=100-2Q
Marginal Revenue:

MR=100-4Q
Total Cost:
C1 = 3Q2 + 10Q + 50
Marginal Cost:
MC1 = 6q+10
Q
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
p
R
MR
C1
MC1
p1
C2
MC2
p2
responding
below (with

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