A Monopolist producing and supplying cooking gas to Mombasa city faces the demand function. _Q = 8800 – 20P. _Its cost function is given by _TC = 20Q + 0.05Q__2_. I. Determine the quantity of cooking gas she will produce and the price she will charge to maximize profits and determine her profit. II. Explain how her profits she will affected if regulators forced her to operate like a perfectly competitive firm. III. Illustrate and compute deadweight loss and lost consumer surplus associated with her Monopoly operations. b. Based on any community project of your choice, use indifference curves and the budget concept to illustrate your understanding of consumer equilibrium

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A Monopolist producing and supplying cooking gas to Mombasa city faces
the demand function. _Q = 8800 – 20P. _Its cost function is given
by _TC = 20Q + 0.05Q__2_.

I. Determine the quantity of cooking gas she will produce and the
price she will charge to maximize profits and determine her
profit.

II. Explain how her profits she will affected if regulators forced her
to operate like a perfectly competitive firm.

III. Illustrate and compute deadweight loss and lost consumer surplus
associated with her Monopoly operations.

b. Based on any community project of your choice, use indifference
curves and the budget concept to illustrate your understanding of
consumer equilibrium

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