(b) What will be the consumer surplus in this monopoly market? What will be the producer's surplus for the monopolist? (6 pts)

(c) Suppose now there are multiple firms with the same cost function entering the market. Solve for the competitive equilibrium price and quantity, and the deadweight loss created by the monopolist. (7 pts)

3. The following diagram illustrates a competitive firm's cost curves. MC, ATC, and AVC represent the firm's marginal costs, average total costs, and average variable costs respectively. P denotes the market price and q denotes the quantity of the good. (a) Replicate the graph in your answer sheet. Then in your graph identify (i) the profit or loss for this competitive firm and (ii) the total variable cost and (iii) total fixed costs for this firm. (6 pts)

(b) Should this firm stay open in the short-run? How about in the long-run? Explain your answer. (4 pts)

(c) What will be the long-run economic profits for the firms staying in the competitive market? How will the market supply and demand move to the long-run equilibrium? In your explanation, describe how the market price will change during the process. (5 pts)

4. Consumer Preference Suppose the above indifference map represents Dr. Bishop's preference between puddings and pancakes. (a) Explain why \(\mathrm{IC}_5\) is not a valid indifference curve in this indifference map. (2 pts)

(b) Rank the bundles A to F according to Dr. Bishop's preference. Justify your answer using the assumptions of consumer preferences and the properties of indifference curves. (4 pts)

(c) Suppose the linear solid line represents Dr. Bishop's budget constraint, identify the bundle of goods that he will choose. (2 pts)

(d) At the optimal bundle of goods that Dr. Bishop chooses, compare the marginal utilities per dollar spent on pudding to it spent on pancakes and explain your answer. (4 pts)

115年 - 115 國立臺北大學_日間學士班轉學生招生考試試題_不動產與鄉城環境日間學士班2年級：民法概要#147635

115年 - [無官方正解]115 國立臺北大學_日間學士班轉學生招生考試試題_應用外語學系日間學士班3年級：進階英文#147434

115年 - [無官方正解]115 國立臺北大學_碩士班一般入學考試試題_金融與合作經營學系：經濟學#147384

115年 - 115 國立臺北大學_碩士班一般入學考試試題_資訊工程學系：線性代數與離散數學#147267

114年 - [無官方正解]114 國立臺北大學_日間學士班轉學生招生考試試題_財政學系日間學士班3年級：個體及總體經濟學#147738

114年 - [無官方正解]114 國立臺北大學_日間學士班轉學生招生考試試題_企業管理學系日間學士班2、3年級：企業概論#147713

114年 - 114 國立臺北大學_碩士班一般入學考試試題_資訊工程學系：線性代數與離散數學#147271

114年 - 114 國立臺北大學_碩士班一般入學考試試題_民俗藝術與文化資產研究所：語文論述能力(民俗與文化)#147240

113年 - 113 國立臺北大學_日間學士班轉學生招生考試試題_不動產與鄉城環境日間學士班2年級：民法概要#147694

113年 - 113 國立臺北大學_日間學士班轉學生招生考試試題_企業管理學系日間學士班2、3年級：企業概論#147637