Amonopolist faces a demand curve given by

p = 40 – q

where p is the price of the good and q is the quantity demanded.

the marginal cost of production is constant and is equal to $2. there are no fixed costs of production.

what quantity should the monopolist produce in order to maximize profit?

what price should the monopolist charge in order to maximize profit?

how much profit will the monopolist make?

what is the deadweight loss created by this monopoly? (hint: compare the monopoly outcome with the perfectly competitive outcome).

monopoly deadweight loss =

if the market were perfectly competitive, what quantity would be produced?

Consider the scenario below and let us know if you believe lauren smith's actions to be ethical. let us know why or why not. lauren smith is the controller for sports central, a chain of sporting goods stores. she has been asked to recommend a site for a new store. lauren has an uncle who owns a shopping plaza in the area of town where the new store is to be located, so she decides to contact her uncle about leasing space in his plaza. lauren also contacted several other shopping plazas and malls, but her uncle’s store turned out to be the most economical place to lease. therefore, lauren recommended locating the new store in her uncle’s shopping plaza. in making her recommendation to management, she did not disclose that her uncle owns the shopping plaza. if management decided to go with lauren's uncle's plaza, what additional information would be needed in the financial statements?

When the amount for land is 36,000 and the amount paid for expenses is 10,000, the balance of total asset is

Why is efficiency an important economic goal?