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and answer the question. The cost and demand conditions for residential water consumption are shown below. If there are 450,000 residential water customers, then develop

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and answer the question. The cost and demand conditions for residential water consumption are shown below. If there are 450,000 residential water customers, then develop an optimal two-part pricing scheme 0.60 0.48 LAC Price and cost (dollars per gallon) 0.36- LMC 0.24 0.12 Demand 0 2 8 10 12 Quantity of water (in millions of gallons per month)

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