Tutorial 10 Microeconomics Exercise 1 Demand function

Tutorial 10 Microeconomics

Exercise 1 Demand function to product of monopoly is Qd=16 -P, and function of total cost TC =14+Q^2. What is the price of monopoly in order to maximize profit?

Exercise 2 The total cost function of monopoly is TC=30 + 20 Q; and demand function of monopoly in two markets are: P 1=40 -2 Q 1, P 2 = 80 – 10 Q 2. Determine sale volume and prices on two markets that maximize profit of monopoly.

Exercise 3 Demand function to product of monopoly is Qd=180 -2 P, and function of total cost TC =2 Q^2+90. What is the price of monopoly in order to maximize profit?

Exercise 4 Production of table in city X is monopolized by company Z. What will be the price of company Z if total cost is TC = 10 Q, and demand elasticity by price for table is (-5)?

Exercise 5 The total cost function of monopoly is TC=30000 + 50 Q, demand function of product is P=100 - 0. 01 Q. Find: a)Price in which profit is maximum, also this profit b)Price and profit in which tax in the amount of 10 cur. unit per product is paid c)Price and profit, if a company will pay tax for capital as amount of 200 cur. unit

Exercise 6 Price Demand volume 9 0 8 1 7 2 6 3 5 4 4 5 3 6 2 7 1 8 0 9 The price of demand of monopoly is given in the table. a) calculate marginal revenue of monopoly b)What is output for profit maximization of monopoly in fixed marginal cost as 5 cur. unit.