The figure below illustrates the market for steel. If the steel market is competitive, firms can produce steel at a constant marginal cost of $100 per ton. Therefore, the price of steel is $100 per ton, and 100 tons are produced. Assume that if all the steel companies consolidate into a monopoly, the monopoly’s marginal cost will fall to $70 per ton. Use the straight line tool to draw the monopoly’s marginal revenue and marginal cost lines (extend the marginal cost line to 300 tons). Then use the plot point tool to plot the monopoly’s profit-maximizing price and output on the demand curve.
If the market is controlled by a monopoly, total surplus is $____

The Figure Below Illustrates The Market For Steel. If The Steel Market Is Competitive, Firms Can Produce

Answers

Answer 1

The monopoly price will be given as 110 dollars per unit. Then the total surplus will be 4800 dollars.

How do determine the monopoly price and the total surplus?

The figure below illustrates the market for steel.

If the steel market is competitive, firms can produce steel at a constant marginal cost of $100 per ton.

Therefore, the price of steel is $100 per ton, and 100 tons are produced.

Assume that if all the steel companies consolidate into a monopoly, the monopoly’s marginal cost will fall to $70 per ton.

If the market is controlled by a monopoly, the total surplus will be

The demand curve has to be defined the demand curve will be

P = 150 - 0.5Q

Total revenue, TR = 150Q - 0.5Q^2

MR = 150 - Q

MC = $ 70

The monopolist will maximize profit at MR = MC

150 - Q = 70

=> Q = 80 units

Monopoly price, P = 150 - 0.5 × 80 = $ 110 / unit

Total surplus = (1/2)×(150-110)×80+(110-70)×80

= 1,600 + 3,200

= $ 4,800

The graph is given below.

More about the monopoly price and the total surplus link is given below.

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The Figure Below Illustrates The Market For Steel. If The Steel Market Is Competitive, Firms Can Produce

Related Questions

If you sell 175 shares of Michaels Flowers at $7.28 per share and 445 shares of Nanotech One at $10.80 per share, how much money will you receive, to the nearest dollar?

Answers

Answer:6080$

Step-by-step explanation:I did the same question on my test

It’s 6080$ i did the test.

Can you please solve​

Answers

7.25% of 38,000

10% = 3,800

5% = 1,900

1% = 380

0.50% = 190

0.25% = 95

1,900+380+380+95 = 2,755

38,000+2,755 = 40,755

76/81*80/76 how to solve mentally

Answers

Answer:

[tex]\frac{80}{81}[/tex]

Step-by-step explanation:

The cross numerator and denominator of 76 can be crossed out leaving out simply.

[tex]\frac{76}{81} *\frac{80}{76}\\\frac{1}{81} *\frac{80}{1}=\frac{80}{81}[/tex]

I WILL GIVE 20 POINTS TO THOSE WHO ANSWER THIS QUESTION RIGHT NOOOO SCAMS AND EXPLAIN WHY THAT IS THE ANSWER

Answers

Answer:

sin45°=x/16

or, 1/√2 = x/16

or, x=16/√2

or, x=8√2 or 11.31 #

PLS HELP ME
••Pls show your work pls and thank you••

Answers

Let’s break it down
$36 every 4 hours is $9 an hour
(36 divided by 4)

A.
$144 divided by $9 is 16
So A. is 16

B.
$222 divided by $9 is 24.6 rounded to 25

C.
$9•40=$360 (40hour work week)
$9•7=$63 (7 hour day)

Apologies for the messy writing

please i really need help right now 25 points

Answers

Step-by-step explanation:

choice 2 ..............

Hey guys,

This is just a quick question,

but do any of you know if we can view each other's desktop if we are in the same organization?

e.g. if our account is managed by our school, can I (and other people) see another person's desktop?

p.s. I am talking about macbook.

I will add you to brainlist if you answer this!!

thanks! (I thought this kinda relates to math?? so I put it in math category)

Answers

Odd question it relates to computer science maybe put it there and same place with same network remotely im sure and I’ve been dealing with same stuff so I can’t explain it here because of the way you asked . You could be working for someone with a MacBook and trying to get into it . Sorry but gave certain reference and for knowledge of others here to know if they. See it. FYI that is becoming a very common thing and would be caught easy due to ftc and ic3 especially if your not around that person often and have more info than a computer brand
Yes. If you are given access by the owner of the account even if it is through a school organization, you should be able to see their desktop when sharing screens. Hope that helps :)

A gardener uses 20 gallons of water each week on his 8-foot by 10-foot vegetable garden. He plans to enlarge his
garden to 24 feet by 30 feet.
How much water would he expect to use on his new garden? Show all of your work and provide a brief explanation with your answer.

Answers

Answer:

60 gallons

Step-by-step explanation:

so he enlarged it by three so it would be 24by30

because of that, you have to multiply 20g by 3 also

that gives you 60 gallons

help? I can’t figure out this problem

Answers

Answer:

  B

Step-by-step explanation:

Euler's formula tells you that ...

  cos(θ) +sin(θ)·i ≡ e^(i·θ)

__

So, for θ = 90° (= π/2 radians), this is ...

  cos(π/2) +sin(π/2)·i = 0 +i = i = e^(i·π/2) . . . . . matches choice B

jane has twice as many books as Kate. if jane gives 14 books to Kate , they will have the same number of books. how many books do they have altogether?
need help plss

Answers

Answer:

I believe the answer is 42 books.

Step-by-step explanation:

Aman bootowed Rs 500 for 3 years at the oate for 5% Find his interest and amount​

Answers

Answer:

Interest=75

Amount=575

Step-by-step explanation:

Interest= Principal×rate×time÷100

500×5×3÷100=75

Amount=Principal+Interest

Amount=575

I hope you find this helpful

Answer:

Amount =principa+simple interest.

=575

Step-by-step explanation:

Simple =(P*R*T) /100.

=(500*5*3)/100.

=75.

.....

500+75=575

The car you are taking is reliable and in good condition. The insurance is paid, the maintenance is up to date, and it gets about 27 miles to the gallon. The gas tank holds 18.5 gallons, and the low gas light will turn on when there are 2.5 gallons left in the tank. You have saved up $1,264
to spend on these trips. You must get gas if your low gas light turns on. The average gas price in
Oregon right now is $3.20 a gallon.
a. How much does it cost to fill up your gas tank?
b. How far can you travel on a tank of gas?
c. Write that as an equation.

Answers

Answer:

a=$59.20b=432 miles

C

27g=x miles on a full tank of gas

27(16)=x

x=432 miles

Step-by-step explanation:

$3.20x18.5=$59.2018.5-2.5=16 gallons16 gallons x 27 miles= 432 miles27g=x miles on a full tank of gas27(16)=xx=432 miles

Mark's age 15 years ago can be expressed as:

Answers

the question does not complete

HELPP Find the value of x.




7.5


8.5


8


7

Answers

Answer:

8.

Step-by-step explanation:

I think that's the right answer. Please let me know if it isn't

8 is the correct answer the lovely person who owns this question corrected my mistake. Thank You by the way.

PLS HELP ME
••Pls show your work pls and thank you••

Answers

[tex]\bold{FULL ANSWERS:}[/tex]



Which algebraic expression is equivalent to the expression below?
(16x - 2) + (10 - 8x)
OA. 8x + 12
OB. 26x - 10
OC. 24x + 12
OD. 8x + 8

Answers

Answer:

D. 8x + 8

Step-by-step explanation:

16x - 8x - 2 + 10 = 8x + 8

Hope this helps

Answer:

D. 8x + 8

Step-by-step explanation:

Simplify the expression:

16x - 2 + 10 - 8x

Combine like terms:

16x + 8 - 8x

8x + 8

hope this helps!

Write the equation of the parabola that has the vertex at point (2,7) and passes through
the point (-1,3).

Answers

Answer:

[tex]f(x) = \frac{4}{3} (x - 2) ^{2} + 7[/tex]

Step-by-step explanation:

the answer is :- .

[tex]f(x) = \frac{4}{3} (x - 2) ^{2} + 7[/tex]

Answer:

y=-4(x+2)^2+7

Step-by-step explanation:

John, Musa and Mable shared 180,000 in the ratio of 2:3:4 respectively How much money did each get?​

Answers

Answer:

2:3:4=40,000:60,000:80,000

Step-by-step explanation:

plus 2+3+4

thats 9

divide 9 by total amount which is what ratio 1 got =20,000

so now you multiple each ratio with 20,000 to get the ratio.

Question 6 of 10
15
10
Which function is graphed?
5
-8 6 4 2 0 2
6
8
-5
O A. y.
{x+6,> 3
{-x+6, x83
B. y - {x? +6,x< 3
1-x+6,23
O C. Y-
{x? +6.53
1-x+6, x>3
Tx2 +6.x23
O D. y =
{-x+6, x<3

Answers

Answer:

b

Step-by-step explanation:

The function represented by the graph is

y = { x² + 6 , x < 3

        -x + 6 , x ≥ 3}

What is a function ?

In mathematics, a function is an expression, rule, or law that establishes the relationship between an independent variable and a dependent variable. In mathematics, functions exist everywhere, and they are crucial for constructing physical links in the sciences.

According to the graph

When x < 3 then  y =  + 6

and, at x = 3 we get an open interval.

So, y = x² + 6 is valid for x < 3 not at x =3.

Also , y = -x + 6 is valid for x ≥ 3 and we get a close interval.

Thus, the function represented by the graph is

y = { x² + 6 , x < 3

        -x + 6 , x ≥ 3}

learn more about functions here:

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-
A rectangle has dimensions 2x – 12 by 3x + 9 and area 60 cm². What are the actual
dimensions of the rectangle?

Answers

Answer:

2 x 30   cm

Step-by-step explanation:

L x W = 60

(2x-12)(3x+9) = 60

 6x^2 -18x-168=0

use quadratic fromula to find   x = 7   or -4 (throw out)

the sides then become   ( using 7)    

 2   and 30   cm  

The diameter of the cone is 6 inches. It’s height is 4 inches. What is its slant height?

Answers

Answer:

5 inches

Step-by-step explanation:

As the height is perpendicular to the base, the radius and the height form a right angle, creating a right triangle where the slant height is the hypotenuse, thus:

[tex](height)^2+(radius)^2=(slant\:height)^2[/tex]

[tex]4^2+(6/2)^2=(slant\:height)^2[/tex]

[tex]16+9=(slant\:height)^2[/tex]

[tex]25=(slant\: height)^2[/tex]

[tex]5=slant\: height[/tex]

In conclusion, the slant height of the cone is 5 inches. See below for a visual.

EXPLAIN WHAT YOU PISCOVERED ABOUT THE NATURAL BASE E

Answers

Answer:

It's called the Natural Logarithm because so many processes in nature can be described mathematically using it.

For example:

1) The population of a colony of rabbits that reproduce at a constant rate

2) The decay rate of a charged capacitor

3) The decay rate of a radioactive isotope

4) The rate at which your money will grow if you apply an interest rate continuously over a period of time.

5) The population of seeds in a sun flower

6) etc.

Select True or False for each statement.

16.284 rounded to the nearest whole number is 16 feet per second.
?
16.284 rounded to the nearest tenth is 16.3.
?
16.284 rounded to the nearest hundredth is 16.29.
?

HELP ASAP!!

Answers

True
True
False since it would be 16.28

Answer:

True, True, False

Step-by-step explanation:

16.284 to whole is 16

16.284 to tenth is 16.3

16.284 to hundredth is 16.28

A number cube that has sides numbered 1 through 6 is rolled 180 times.

Answer: How many times would you expect the result to be a number greater than 2.

Answers

About 120 times because 4 out of 6 times the dice would be a 2 or higher

Find the area and the circumference of a circle with radius 6 cm.
Write your answers in terms of it, and be sure to include the correct units in your answers.

Answers

Step-by-step explanation:

radius=6cm.

π=22 over 7

circumference=2πr

circumference=2×22 over7×6

circumference=51.04cm

Dr. Orchid has 9 paintings she wants to hang side by side on her wall.
(A) in how many ways can she arrange all 9 paintings? Show your work.
(B) if she only wants to display 4 of the paintings, in how many ways can she choose the paintings she wishes to display? Show your work.

Answers

The number of ways Dr. Orchid can arrange all 9 paintings and 4 paintings is, 362880 and 126 respectively.

What is arrangement?

Arrangement of the things or object is mean to make the group of them in a systematic order, in all the possible ways.

The number of possible ways to arrange is n!. Here, n is the number of objects.

Dr. Orchid has 9 paintings she wants to hang side by side on her wall.

(A) Number of ways, she arranges all 9 paintings.

There are total 9 paintings. So the number of arrangement of these painting is,

[tex]9!=9\times8\times7\times6\times5\times4\times3\times2\times1\\9!=362880[/tex]

(B) Number of ways can she choose the paintings she wishes to display-

There are total 9 paintings, in which Dr. Orchid wants to display 4 of the paintings.  Thus, the number of ways can she choose the paintings she wishes to display is,

[tex]^9C_4=\dfrac{9!}{4!(9-4)!}\\^9C_4=\dfrac{9\times8\times7\times6\times5!}{4!5!}\\^9C_4=126[/tex]

Hence, number of ways Dr. Orchid can arrange all 9 paintings and 4 paintings is, 362880 and 126 respectively.

Learn more about the arrangement here;

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what is 108 x 0.37 in money

Answers

The answer to ur questions is $39.96

Simplify the square root of (x^2 -6x+ 9) if x<3

Answers

[tex]\qquad\qquad\huge\underline{{\sf Answer}}[/tex]

Let's evaluate ~

[tex]\qquad \sf  \dashrightarrow \: \sqrt{{x}^{2} - 6x + 9 }[/tex]

[tex]\qquad \sf  \dashrightarrow \: \sqrt{{x}^{2} - 3x - 3x+ 9 }[/tex]

[tex]\qquad \sf  \dashrightarrow \: \sqrt{{x(}^{} x- 3) - 3(x - 3) }[/tex]

[tex]\qquad \sf  \dashrightarrow \: \sqrt{( x- 3) (x - 3) }[/tex]

[tex]\qquad \sf  \dashrightarrow \: \sqrt{( x- 3) {}^{2} }[/tex]

[tex]\qquad \sf  \dashrightarrow \: {( x- 3) {}^{} }[/tex]

I hope you understood the procedure ~ let me know if you have doubts ~

Answered by James ~ ( Teeny fr )

Find the mean 3,4,4,2,5,7,2

Answers

Answer:

pls refer to pic

well I am from India whats the time there now


17. Biologists have noticed that the chirping rate of crickets of a certain species is related to temperature, and the relationship appears to be very nearly linear. A cricket produces 113 chirps per minute at [tex]70^{\circ} \mathrm{F}[/tex] and 173 chirps per minute at [tex]80^{\circ} \mathrm{F}[/tex] .
(a) Find a linear equation that models the temperature [tex]T[/tex] as a function of the number of chirps per minute [tex]$N$.[/tex]

Answers

Answer:

1435

Step-by-step explanation:

makatulong ba itong anser ko

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