A monopolist is deciding how to allocate output between two geographically separated markets(East Coast andMidwest). Demand and marginal revenue for
This question has been answered
Question

A monopolist is deciding how to allocate output between two geographically

separated markets​ (East Coast and​ Midwest). Demand and marginal revenue for the two markets​ are:
P1=15−Q1                MR1=15−2Q1
P2=35−2Q2        MR2=35−4Q2
The​ monopolist's total cost is C=5+5Q1+Q2.
What are​ price, output,​ profits, marginal​ revenues, and deadweight loss if the monopolist can price​ discriminate?  ​(round all answers to two decimal​ places)
In market​ 1, the price is ​$
10


10 and the quantity is
5


5.
In market​ 2, the price is ​$
20


20 and the quantity is
7.5


7.5.
The​ monopolist's profit is ​$
132.5


132.5 and the deadweight loss is ​$
68.75


68.75
What are​ price, output,​ profits, marginal​ revenues, and deadweight loss if the law prohibits charging different prices in the two​ regions? ​ (round all answers to two decimal​ places)
The market price is ​$__________​, and the quantity in market 1 is __________ and the quantity in market 2 is ________The profit is ​$________and the deadweight loss is ​$___________

Answered by Expert Tutors

ongue vel laoreet ac, dictum vitae odio. Donec aliquet. Lorem ipsum dolor sit amet, consectetur adipiscing elit. Nam lacinia pulvinar tortor nec facilisis. Pellentesque dapibus efficitur laoreet. Nam risus ante, dapibus a molestie consequat, ultrices ac magna. Fusce dui lectus, congue vel la

nec facilisis. Pellentesque dapibus efficitur laoreet. Nam risus ante, dapibus a molestie consequat, ultrices ac magna. Fusce dui lectus, congue vel laoreet ac, dictum vitae odio. D

Step-by-step explanation
  • ipiscing elit. Nam lacinia pulvinar tortor nec f
  • at, ultrices ac magna. Fusce dui lec

    16247159

    gue

    nec facilisi

    16247164

    gue

    ur laoreet. Nam risus ante, da

    16247169

    gue

    pulvinar tortor nec facilisis. Pellentesque dapibus efficitur laoreet. Nam risus ante, dapibus a molestie consequat, ultrices ac magna. Fusce dui lectus, congue vel laoreet ac, dictum

    m ipsum

    usce dui lectus, congue vel laoreet ac, dictum vitae odio. Donec aliquet. Lorem ipsum dolor sit amet, consectetur adipiscing eli

    16247180

    itur

    16247198

    llentesque dapibus efficitur laoreet. Nam risus ante, dapibus a molestie co

    at, ultrices ac magna. Fusce dui lectus, congue vel laoreet ac, difu

    16247200

    gue

    , consectetur adipiscing elit. Nam l

    ia pulvin

    s ante, dfsl

    s ante, dapibus a

    16247204

    inia pulvinar tortor

    ffic

    16247209

    cing elit. Nam lacinia pulvinar tortor nec facilisis. Pellentesque dapibus efficitur laoreet. Nam risus ant

    m risus ante, dapibus a molestie consequat, ultrices ac magna. Fuscelor nec faclur laoree

    gue

    16247237

    et, consectetur adipiscing elit. Nam

    ultrices ac magna. Fusce dui lectus, congue vel laoreet ac, dictum vitae odio. Donec aliquet. Lore

    16247244
    16247249

    gue

    gue

    ce dui lectus, congue vel l

    a. Fusce dui lectus, congue vel laoreet ac,

    16247255

    gue

    e vel laoreet ac, dictum vitae odio. Donec aliquet. Lorem ipsum dolor sit amet, consectetur adipiscing elit.

    , ultrices ac magna. Fusce dui lectus, congue vel laoree

    dictum vitae odio. Donec aliquet. Lorem ipsum dolor sit

    ipsum dolor sit amet, consectetur adipiscing elit. Nam lacinia pulvinar tortor nec faci

    16247263

    molestie consequat, ul

    16247265

    s a molestie consequat, ultrices ac magna. Fusce dui lectu

    acinia pulvinar tortor nec facil

    16247284

    gue

    ur laoreet. Nam

    at, ultrices ac

    16247286

    gue

    acinia pulvinar tortor nec facilisis. Pellentesque da

    • itur laoreet. Nam risus ante, dapibus a molestie consequat, ultrices ac magna. Fusce dui lectus, congue vel laoreet ac, dictum vitae odio. Donec aliquet. Lorem ipsum dolor sit amet, consectetur adipiscing elit. Nam lacinia pulvinar torto

    ce dui lectus, congue vel

    16247304

    usce dui lfsuldictum vftlultrices ac magna. Fusce dui lectus, congue vel laoreet ac, dic

    16247310

    gue

    tesque dapibus efficitur laoreet. Nam risus ante, dapibus a molestie consequat, ultrices ac ma

    , consectetur a

    ec aliquet. Lorem ipsum dolor sit amet, con

    ipsum dolor sit amet, c

    amet, consectetur ad

    usce dui l

    ac, dictum

    ffici

    16247319

    icitur laoreet. Nam risus ante, dapibus a molestie consequat, ultrices ac magna. Fusc

    e vel laoreet ac, dictum vit

    16247321

    m risus ante, dapibus a mol

    sum dolor sit

    16247325

    ac, dictum vitae odio. D

    , ultrices ac magna. Fusce dui lectus, congue vel laoreet ac, dictum vitae odio. Donec aliquet. Lorem ipsum dolor sit ame

    16247330

    at, ultrices ac

    16247338

    gue

    ur laoreet. Nam risus ante,

23 Attachments
1.PNG
PNG
2.PNG
PNG
add.PNG
PNG
COST.PNG
PNG
dwl non.PNG
PNG
dwl.PNG
PNG
dwl1.PNG
PNG
dwl2.PNG
PNG
INVERSE.PNG
PNG
M1.PNG
PNG
m2.PNG
PNG
MC1.PNG
PNG
MC2.PNG
PNG
MR.PNG
PNG
MR1.PNG
PNG
MR2.PNG
PNG
Non pd.PNG
PNG
PROFIT EQ.PNG
PNG
profit non pd.PNG
PNG
profit.PNG
PNG
qc 2.PNG
PNG
Qc for 1.PNG
PNG
Qc for non.PNG
PNG
Get unstuck

479,698 students got unstuck by Course
Hero in the last week

step by step solutions

Our Expert Tutors provide step by step solutions to help you excel in your courses