skip to Main Content
The smarter way
to do assignments.

Please note that this is just a preview of a school assignment posted on our website by one of our clients. If you need assistance with this question too, please click on the Order button at the bottom of the page to get started.

Serena is a single-price, profit-maximizing monopolist in the sale of her ownpatented perfume, whose demand and marginal cost curves are as shown. Relativeto the consumer surplus that would result at the socially optimal quantityand price, how much consumer surplus is lost from her selling at the monopolistsprofit-maximizing quantity and price?
From the graph, we have that the profit-maximizing quantity is 8, the quantity for which MR=MC. The socially optimal quantity in this market is 12, the quantity for which MC =…

demand. The increase in consumer economic surplus that results when Q increases from 8 to 12 and itis $100 per day.

GET HELP WITH THIS ASSIGNMENT TODAY

Clicking on this button will take you to our custom assignment page. Here you can fill out all the additional details for this particular paper (grading rubric, academic style, number of sources etc), after which your paper will get assigned to a course-specific writer. If you have any issues/concerns, please don’t hesitate to contact our live support team or email us right away.

How It Works        |        About Us       |       Contact Us

© 2018 | Intelli Essays Homework Service®

Back To Top