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categoryالإدارة والاقتصاد schoolبكالوريوس event_available2026-07-15

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A. value: 0.33 points Question 4 (of 6) Kalamazoo Competition-Free Concrete (KCC) is a local monopolist of ready-mix concrete. Its annual demand function is Qd=24,000 - 200P, where P is the price, in dollars, of a cubic yard of concrete and Q is the number of cubic yards sold per year. Suppose that Kalamazoo's marginal cost is MC 20+0.015Q. The monopolist maximizes profit with an output of 4000 units and a price of $100.00. Instructions: Round your answers to 2 decimal places if needed. Round percentages to the nearest whole number (for example, 33.33 percent rounds to 33 percent). a. Suppose the government puts a $2 per cubic yard tax on the monopolist's product, paid by the monopolist. What happens to the price consumers pay? What share of the tax is this? The monopolist will now charge $ and consumers will pay percent of the tax. b. What per unit subsidy would get the monopolist to sell the same quantity as if it were a price-taking firm (the quantity that maximizes aggregate surplus in the market)? $

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