Solved: What is the optimum and sustainable price ceiling the, Microeconomics

+44 141 628 6080
[email protected]

What is the optimum and sustainable price ceiling the

4. Assume a monopolist faces a market demand curve P = 100 - 2Q and has the short-run total cost function C = 640 + 20Q.
If the government imposed a maximum price on the monopolist equal to the competitive price, how would this affect total welfare? Is this policy sustainable in the long run? What is the optimum and sustainable price ceiling the government could impose?

Solution Preview :

Prepared by a verified Expert

Microeconomics: What is the optimum and sustainable price ceiling the

Reference No:- TGS0924635

Now Priced at $20 (50% Discount)

Recommended (93%)

Rated (4.5/5)

Have a Question? (oR Write a Review)

Write atleast 100 words!!

Recent Questions Asked Microeconomics

Q : Should the aircraft carrier be

the us navy is building an aircraft carrier price 12 billion there are about 300 million people in the us suppose

Q : Economics analysis

economics analysis essay for this assignment you will write a 2-3-page paper double-spaced 1-inch margins providing at

Q : Physicians may abuse their role as medical advisors to

physicians may abuse their role as medical advisors to advance their own economic self-interests due to an asymmetry

Q : Assume a monopolist faces a market demand

assume a monopolist faces a market demand curve p 100 - 2q and has the short-run total cost function c 640 20q a

Q : What is the optimum and sustainable price ceiling the

4nbsp assume a monopolist faces a market demand curve p 100 - 2q and has the short-run total cost function c 640 20q

Q : Each of 50 golf clubs in the niagara region has a demand

each of 50 golf clubs in the niagara region has a demand for generic advertising of q 200 - p ads cost 3000 each how

Q : Describing how currency exchange rates are determined in

write a 2-page paper describing how currency exchange rates are determined in marketsexemplify how it occurs by showing

Q : Supply and demand

supply and demand concepts as an economist for abc plastics your boss has asked you to respond to some questions she

Q : Testing for overidentifying

q1 when testing for overidentifying restrictions the following procedure was suggested 1 estimate the structural

1930000

Questions
Asked

3,689

Active Tutors

1441616

Questions
Answered

Start Excelling in your courses, Ask a tutor for help and get answers for your problems !!

ask Question

Asked Questions

Why you feel unpleasantly hot and sweaty

Working in the yard, you feel unpleasantly hot and sweaty when you come in the house, so you take a shower and begin to feel better.

Examine historical literature to the most current period

Examine historical literature to the most current period to see the growth of romanticism and EXISTENTIALISM. any major developments

Review a social, behavioral, or cultural factor

Bearing in mind that there may be several, choose a social, behavioral, or cultural factor associated with your selected domestic violence

Discuss three ethical guidelines that are important

Identify and discuss three ethical guidelines that are important to consider when designing an 8-week group for adolescents who are referred

How we perceive objects in the real world

Suppose that a group of researchers would like to explore how we perceive objects in the real world, rather than just in a laboratory

How do you define being an adult

Based on information provided in Ch. 11 & 12, how do you define "being an adult"?

Identify one antecedent, one behaviour, and one consequence

Sahir is the most active student in your kindergarten class. He tends to be very disruptive when the teacher you work with is teaching the class,