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joanne1718 joanne1718
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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
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Microeconomics

Microeconomics


Edition: 7th
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brigettelearnbrigettelearn
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joanne1718 Author
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