How do I find total surplus for a profit-maximising monopoly where there is a demand, marginal revenue...?

Question

and marginal cost curve since there is no supply curve. Kind regards Col

Answer 1

Profit maximizing point is where MC line intersects with the MR line. After finding this point, you need to find the corresponding demand at this level of output. ( In monopolies MR is always below demand. ) After this, you need to find consumer surplus and producer surplus and add them up to find the total welfare effect. And don't forget that we are not dealing with a supply curve for a monopoly.

Answer 2

Tax cuts do improve tax collections. i does no longer innovations the tax code the placement it stands now if the government could in basic terms end SPENDING! the size of government desires to preferably be slashed. "government consistently shows a choose for in spite of money it gets." - Ronald Reagan