A particular monopolist has a demand curve and cost function for its product est

Question

A particular monopolist has a demand curve and cost function for its product estimated to be P = 250 - .15Q and TC = $25,000 + $10Q. Calculate the deadweight loss caused by the monopolist. Answer a. $48,000 b. 800 units c. $104,000 d. $52,000 A particular monopolist has a demand curve and cost function for its product estimated to be P = 250 - .15Q and TC = $25,000 + $10Q. Calculate the deadweight loss caused by the monopolist. $48,000 800 units $104,000 $52,000 a. $48,000 b. 800 units c. $104,000 d. $52,000

Explanation / Answer

(250Q-0.15Q^2)-(25,000 + 10Q)

derivative=0

==>250-30Q-10=0

==>Q=800

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