Total Output Price Total Revenue Marginal Revenue Average Total Cost Marginal Cost 1 $ 100 $ 100.00 $ 30 2 90 63.00 26 3 80 52.67 32 4 70 49.50 40 5 60 49.60 50 6 50 50.00 52 7 40 52.29 66 8 30 55.75 80 9 20 60.67 100 10 10 67.60 130   Refer to the data above for a nondiscriminating monopolist.  a)  List TR and MR (fill in the table) for each level of output (Q) b)   What level of output should the monopolist produce?  Using the profit-maximizing rule for the firm to explain. c)  Is this monopolist earning profit?  Do all monopoly’s make a profit?  Why or why not?  

__________________ refers to the utilization of armed forces for domestic police work.

Suppose that a monopolistically competitive restaurant is currently selling 250 meals per day (the output where MR=MC).  At that output level, ATC per meal is $5 and consumers are willing to pay $8 per meal.  a) What is this firm’s profit or loss?  b) Will there be entry or exit into or out of the industry?  How do you know? c) What will happen to the restaurant market in the long run?  Hint:  you should be able to explain whether demand or supply shifts as a result.

Suppose that a pure monopolist can sell 15 units of output at $10 per unit and 16 units at $9.90 per unit. For the monopolist to profitably produce and sell the sixteenth unit of output, its marginal cost must be anywhere at or below  

Evaluate the concepts of determinant and indeterminate sentencing, discussing their key characteristics and implications for the criminal justice system.

Please show your calculations for the following: Suppose that the most popular car dealer in your area sells 20 percent of all cars.  a)If all other car dealers sell either the same number (20%) or fewer,  what is the largest value that the  Herfindahl index could possibly take for car dealers in your area?  Show your calculation b) In that same situation,  what would  the four-firm concentration ratio be?  Show your calculations c) What would your result tell you about the market structure of car dealers in your area?

A police officer can search a person and seize their property if they have _________________ or the belief that a crime has been or is about to be committed.

The ___________ model is employed when the police feel certain groups must be controlled by “no protest zones, heavy use of lethal force weaponry, surveillance of protest organizations, negative advance publicity about protest groups, preemptive arrests, preventative detentions, and extensive restrictions on protest timing and locations”.

Suppose that a pure monopolist can sell 15 units of output at $10 per unit and 16 units at $9.90 per unit. For the monopolist to profitably produce and sell the sixteenth unit of output, its marginal cost must be anywhere at or below  

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