Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Jun 25, 2024

Calculate the monopolist's total revenue if the monopolist uses perfect price discrimination. price Q TR w/o price discrimination TR with perfect price discrimination $11 0

Calculate the monopolist's total revenue if the monopolist uses perfect price discrimination.

price	Q	TR w/o price discrimination	TR with perfect price discrimination
$11	0	-	-
$5	15	$75	$75
$3	25	$75	$105

(4 marks)

c. Calculate the deadweight loss if the monopolist charges a single price.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

Step: 3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Understanding The Law

Authors: Donald L Carper, John A McKinsey, Bill W West

5th Edition

0324375123, 9780324375121

More Books

Students also viewed these Economics questions

Question

★★★★★

What volume of loans can the banking system in Figure 13.2 support? If the reserve requirement were 80 percent rather than 75 percent, what would the system's lending capacity be? Figure 13.2 Loan...

Answered: 1 week ago

Question

★★★★★

Let a = [3, 2, 0] = 3i + 2j; b = [-4, 6, 0] = 4i + 6j, c = [5, -1, 8] = 5i - j + 8k, d = [0, 0, 4] = 4k. Find: 7(c - b), 7c - 7b

Answered: 1 week ago

Question

★★★★★

Each of two boxes contain 20 red balls and 30 black balls. We select a ball from the first box randomly and place it into the second one. Then, we select a ball from the second box and place it into...

Answered: 1 week ago

Question

★★★★★

Graphics Service Co. purchased a new color copier at the beginning of 2013 for $47,000. The copier is expected to have a five-year useful life and a $7,000 salvage value . The expected copy...

Answered: 1 week ago

Question

★★★★★

Sunset Products manufactures skateboards. The following transactions occurred in March. 1. Purchased $26,500 of materials on account. 2. Issued $1,650 of supplies from the materials inventory. 3....

Answered: 1 week ago

Question

★★★★★

Company ABC uses a job-order costing system. The company uses direct labor hour as the allocation base for applying manufacturing overhead cost to individual jobs. At the beginning of the year, the...

Answered: 1 week ago

Question

★★★★★

Our company makes and sells cell-phone sanitizer units. Cell phones are inserted inside the units and bathed in UV-C ultraviolet light that eliminates 99.9% of bacteria and viruses in approximately...

Answered: 1 week ago

Question

★★★★★

Suppose that a student suffering from migraine has a medical history that indicates the following probabilities. The probability that you will have a migraine in one day is 25%. If she has a migraine...

Answered: 1 week ago

Question

★★★★★

9. Your neighbor who has a job says, "I am having heart surgery in two months." When does your neighbor have to tell the employer about the surgery?

Answered: 1 week ago

Question

★★★★★

A group from the class in the previous question has identified a bug in their code that will take a minimum of 16 tasks T = {t1...t16} to resolve. How many ways are there to assign the tasks if (5...

Answered: 1 week ago

Question

★★★★★

During a heavy storm, lightning struck an office building that houses the data center of a small accounting firm. The lightning caused a fire that interrupted the electricity supply to the building...

Answered: 1 week ago

Question

★★★★★

Apply Prim's algorithm to the following graph. 7 a 2 24 0 5 e

Answered: 1 week ago

Question

★★★★★

5. Imagine a situation where you were really annoyed by someone elses behaviour. Try to find the positive intention behind the behaviour.

Answered: 1 week ago

Question

★★★★★

3. Imagine a communication situation at work or at home where you felt that you were locked (inflexible). Reflect on three alternative strategies that could have led to you becoming more flexible,...

Answered: 1 week ago

Question

★★★★★

4. In the next communication situation you are in, already think through three different communication strategies, which will make you achieve greater flexibility. Then practice on these as soon as...

Answered: 1 week ago

Previous Question Next Question