imit: 1:30:00 Time Left:1:24:38 Gurpreet Singh: Attempt 1 Question 20 (1 point) Which of the following indifference maps most closely resembles the average consumer's preference for right and left shoes? LEFT SHOE N 1 3 4 7 RIGHT SHOE\fTime Limit: 1:30:00 Time Left:1:23:58 Gurpreet Singh: Attempt 1 1 2 3 4 in 6 7 8 RIGHT SHOE O CO Co LEFT SHOE m N 1 m O 14 6 RIGHT SHOE Question 21 (1 point) ENG OLDECB USO 1 2 3 4 5 6 7 8 RIGHT SHOE Question 21 (1 point) A business that price discriminates will generally charge some customers more than the marginal cost, and it will generally charge other customers less than the marginal cost. True False Question 22 (1 point) Apollo, a highly profitable shoe company, has market power. It sells 15 million shoes per year. The marginal cost of making extra shoes is quite low. Apollo's marketing OLOECB EN y cloudyTrue False Question 22 (1 point) Apollo, a highly profitable shoe company, has market power. It sells 15 million shoes per year. The marginal cost of making extra shoes is quite low. Apollo's marketing experts conclude that if they increased prices by 20%, profits would rise. For Apollo, which of the is correct? OMC = MR OMC > MR MC