Homework Help: mangerial economics

Posted by Sam on Wednesday, November 25, 2009 at 1:38am.

a monopolist has the following demand and Tc functions:
Q=2,500-25P
TC= 100,000 + 20Q+ 0.05Q^2
How much consumer surplus ($) will a monopolist transfer to itself

mangerial economics - economyst, Wednesday, November 25, 2009 at 9:04am
Take a shot, what do you think?

Hint: On a graph, Consumer surplus is the area below the demand curve but above price. Compare the area using the Price the Monopolist would change to maximize his profits vs the price where P=MC. You will need to use some geometry.

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