Solutions? 16. Suppose the government tasxes the 6rm $5 per wideet. Then the sar
ID: 1112544 • Letter: S
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Solutions? 16. Suppose the government tasxes the 6rm $5 per wideet. Then the sarme price, but the single-price monopolist will peodiace (b) the single-price monopolist will both charge the same price, but the price-discriminating (c) the single-price monopolist and price-discriminating monopolist will both charge monopolist will produce less. the same quantity, but the price-diseriminating monopolist will charge a higher monopolist will both produce ice. (d) the single-price monopolist and price-disweriminating mowopolist will both produce the same quantity and charge the same price 17. Rema has a nonopoly in the retailing of motor homes She can sell five per week at $20,000 each. The size of the $21,000 each. If she wants to sell six, she must charge price effect of selling six homes instead of five is (a) $21,000 (b) $20,000 (c) $6,000 (d) $5000 18. When a monopolist can perfectly price discriminate. (a) there is a large deadweight loss and a large consumer surplus (b) there is no deadweight loss and a large consumer surplus (c) there is no deadweight loss and no consumer surplus. (d) there is a large deadweight loss and no consumer surplus 19. Which of the following statements about taxing producers vs. taxing consumers is not true? (a) In both cases, dead weight loss will be the same. (b) In both cases, constumer surplus and producer surplus will be the same. (c) Prices might be different across the two cases, but quantities will be t (d) Quantities might be different across the two cases, but prices will be the same 20. Suppose the university hopes to raise more revente by increasing parking fees. This plan will work only if (a) the price effect is larger than the quantity effect. (b) the price effect is smaller than the quantity effect. (c) the price effect and quantity effect are the same. (d) there is no price or quantity effect.Explanation / Answer
16) The answer is C -) the single price monopolist and price discriminating monopolist will both produce the same quantity, but price discriminating monopolist charge a higher price.
because, a single price monopolist is the monopolist who sell its output at same price to all its customer , and it can increase thier revenue by producing less and charging higher prices, but a price discriminating policy is the monopolist who charge different price to different people or different groups of people. A price discriminating policy increase its revenue by charging a higher price or charging a different prices and it can also converts consumer surplus into economic profit. therefore, both monopolist produce the same quantity of product after a tax of $5 per widget, but price discriminating policy will charge a higher price.
17 and all question- please upload question again. its against chegg policy
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