PROBLEM SET III: MONOPOLY
Firstly, we analyze the equilibrium under the monopoly. The monopolist chooses the
quantity that maximizes its profits; in particular, chooses the quantity that equates
marginal income and marginal co
BSc II Section B
Microeconomics Winter 2009
Quiz 4 (A)
Lahore School of Economics
Winter Term 2009
Quiz 4: BSc. 2, Section B
Which of the following statements is true regarding the differences between
economic and accounting costs?
Due date: October 6th, 2016 CLASS TIME.
Question 1. The daily demand for hotel rooms on Manhattan Island in New York is
given by the equation QD = 250, 000 375P . The daily supply of hotel rooms on Manhattan
Dr. Azar Abizada
Due Date: Tuesday, October 25th, Class time.
Question 1: The diagram below depicts the change in optimal consumption bundles for
Marty when the price of shotgun shells fall. Decompose the change into the