Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

please answer (11.11) . Some local water companies over a discount to customers who use large quantities of water. Consider a local water utility that

image text in transcribed

please answer

image text in transcribed
(11.11) . Some local water companies over a discount to customers who use large quantities of water. Consider a local water utility that faces the inverse demand p(q) = 100 - 10q If the water utility has a marginal cost of $0.50 per unit of water, find the price and quantity the water utility sells if it practices (second-degree) price discrimination with two blocks, q1 and q2 - 91 O p1=$66.8, q1=7.89, p2=$13.7, q2=12.63 O p1=$66.8, q1=3.32, p2=$33.7, q2=6.63 O p1=$56.90, q1=7.89, p2=$33.7, q2=6.63 O p1=$56.90, q1=3.32, p2=$13.7, q2=12.63

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

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

Step: 2

blur-text-image_2

Step: 3

blur-text-image_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

E-Commerce 2013 Business Technology Society

Authors: Ken Laudon, Kenneth C Laudon

9th Edition

0132730359, 978-0132730358

More Books

Students also viewed these Economics questions

Question

Subjective norms, i.e. the norms of the target group

Answered: 1 week ago