Quiz2W10-3

Quiz2W10-3 - 0 if it is not correct. 1. A monopolist faces...

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Econ 100B Winter 2010 Quiz 2 Kevin’s Sections You have 10 minutes to take this quiz. Please answer each question in space provided. You are encouraged to write your answers as fractions (as opposed to decimals) and to show your work. However, your score for each question will simply be 1 if your answer is correct and
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Unformatted text preview: 0 if it is not correct. 1. A monopolist faces inverse demand P = 24 2 q and has a marginal cost of MC = 2. What is her proFt-maximizing quantity and price? q = and p = 2. The government imposes a tax of t = 4 per unit. What is the new proFt-maximizing quantity and price? q = and p = 1...
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