Economic homework help

Hey everyone. Basically I am horrible with economic work. I have been at it for hours now and cannot figure out how to get the answers to these questions. Also the book for our class in very general and doesn't provide sufficient examples to even go by. With that said, this assignment is due tonight by midnight so I was wondering if someone could help me come up with the solutions fo the problems. If so Thank you so much and if not that is no problem either. I am simply just requesting some assistance as I have no idea how to get the answers myself.

Below are the problems.

4. (40 total points) Suppose a monopolist faces the following demand curve:

P = 596 – 6Q. Marginal cost of production is constant and equal to $20, and there are no fixed costs.

a) (8 points) What is the monopolist’s profit-maximizing level of output?



b) (8 points) What price will the profit-maximizing monopolist charge?



c) (8 points) How much profit will the monopolist make if she maximizes her profit?



d) (8 points) What would be the value of consumer surplus if the market were perfectly competitive?



e) (8 points) What is the value of the deadweight loss when the market is a monopoly?


1. (25 total points). You are given the following information about the costs of a perfectly competitive firm.

Quantity TFC TVC
0 45 0
1 45 20
2 45 35
3 45 45
4 45 75
5 45 120
6 45 180


You are hired to determine the profit-maximizing quantity of the firm for different market prices. Complete the table below.

Market Price|Profit-maximizing level of output|Total Revenue|Total Cost|Profit
$14
$18
$44
$53
$70


For this one I need to find the profit-maximizing level of output, total revenue, total cost, and profit for each of the listed market prices with the assitance of the table above it holding the quantity, total fixed cost, and total variable cost.

Thanks to everyone for any answers/explainations/help.