Quiz2S10

Quiz2S10 - is correct and 0 if it is not correct 1 A...

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Econ 100B Winter 2010 Quiz 2 Stefanie’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
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Unformatted text preview: is correct and 0 if it is not correct. 1. A monopolist faces inverse demand P = 60-3 q and has a marginal cost of MC = 12. What is her profit-maximizing quantity and price? q = and p = 2. What is the deadweight loss if she chooses her profit-maximizing quantity and price? DWL = 3...
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This note was uploaded on 12/26/2011 for the course ECON 100B taught by Professor Kilenthong during the Fall '08 term at UCSB.

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