Top Posters
Since Sunday
g
3
3
2
J
2
p
2
m
2
h
2
s
2
r
2
d
2
l
2
a
2
Home Q & A Board Other Fields Homework Help Business Economics
New Topic  
joanne1718 joanne1718
wrote...
Go to Answer
Posts: 441
Rep: 0 0
5 years ago Edited: 5 years ago, bio_man

Question 1.

Figure 16-5




Refer to Figure 16-5. Suppose the firm represented in the diagram decides to practice perfect price discrimination. What is the total revenue collected by the firm?

• $6,720

• $7,680

• $10,240

• $13,440

Question 2.

Figure 16-5




Refer to Figure 16-5. Suppose the firm represented in the diagram decides to act as a monopolist and charge a single price. What is the profit-maximizing quantity produced and what is the price charged?

• Q = 240 units; P = $28

• Q = 320 units; P = $24

• Q = 480 units; P = $16

• Q = 560 units; P = $12
Textbook 
Microeconomics

Microeconomics


Edition: 7th
Authors:
Read 57 times
2 Replies
Replies
Answer verified by a subject expert
brigettelearnbrigettelearn
wrote...
#1
Posts: 359
Rep: 52 0
5 years ago
Sign in or Sign up in seconds to unlock everything for free
More solutions for this book are available here
1

Related Topics

joanne1718 Author
wrote...
#2
5 years ago
Thanks
New Topic      
Quick Reply
Explore
Post your homework questions and get free online help from our incredible volunteers
  1184 People Browsing
 109 Signed Up Today
Start New Topic Take the Tour CoursesNew Study Tools Topics Trending Browse by Textbook
Live Chat
Related Images
  
 197
  
 1731
  
 303
Your Opinion
What's your favorite funny biology word?
Votes: 328
Previous poll results: How often do you eat-out per week?