Based on the text above, calculate the marginal utility per dollar spent by consumers in a monopolistic industry.

Consider a monopoly where consumers are currently consuming where the marginal utility is 10 units of utility for the good. The price of the product is $5. The marginal cost of producing the good is $2.00. Then consider perfectly competitive firms where consumers are currently consuming where the marginal utility is 20 units of utility for the perfectly competitive product. The price of the product is $10. At current production levels, the marginal cost of producing the good is $10.Question 10.19HomeworkUnansweredDue Apr 12th, 11:59 PMBased on the text above, calculate the marginal utility per dollar spent by consumers in a monopolistic industry.

The table below shows the demand and marginal cost information for a monopolist with a constant marginal cost. Monopoly MarketPrice (dollars) Quantity Demanded Marginal Revenue (dollars) Marginal Cost (dollars)$220 0 — —200 40 $200 $120180 80 160 120160 120 120 120140 160 80 120120 200 40 120100 240 0 120 Instructions: Enter your answers as a whole number. a. For the monopolist, the profit-maximizing price is $ and the profit-maximizing quantity is . b. For the monopolist, the allocatively efficient price is $ and the allocatively efficient quantity is .

The table below shows the demand and total revenue for a monopolist. Fill in the "Marginal Revenue" column for the various prices and quantities. Instructions: Enter your answers as a whole number. Demand and RevenuesPrice (dollars) Quantity Demanded Total Revenue (dollars) Marginal Revenue (dollars)$85 60 $5,100 —84 61 5,124 $ 83 62 5,146 82 63 5,166 81 64 5,184 80 65 5,200 79 66 5,214

For a consumer, the marginal utility of good A is 25 and its price is $5. The marginal utility of good B is 60 and its price is $12. The consumer has allocated his entire budget. Is this consumer maximizing his total utility? Explain your answer

A consumer has an income of $10,000 to spend on two goods, X and Y, where the price ofgood X is $500 per unit, and the price of good Y is $1 per unit. The marginal rate ofsubstitution is given by the formula Y/X. How many units of good Y does this consumeroptimally consume?