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Please help me with these MCQs- 1.The inverse demand curve of a firm with market power is P = 60 - Q , and its

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Please help me with these MCQs-

1.The inverse demand curve of a firm with market power is P = 60 - Q, and its marginal cost is MC = 2Q. If the firm decides to practice first-degree price discrimination, the deadweight loss will:

decrease from $45 to $15.

increase from $30 to $45.

increase from $0 to $65.

decrease from $37.50 to $0.

2.Suppose a firm faces the inverse demand curve, P = 100 - Q. Marginal cost is constant at $10. Suppose the firm uses block pricing, selling the first 45 units at $55 per unit, the next 20 units at $35 per unit, and the next 20 units at $15 per unit. The deadweight loss in this case is $____.

12.50

6.50

9.75

0

3.(Table: Customer Valuations for Lawn Services I) The table shows customer valuations for different lawn services.

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Dasha's Nissan Open Sunday Closed Sunday Anastasia's Open Sunday $70K, $70K $100K, $40K Hyundai Closed Sunday $40K, $100K $80K, $80KAmerican Airlines Revenues (millions of dollars) Charge Baggage Don't Charge Fees Baggage Fees British Airways Revenues Charge Baggage 80, 80 120, 40 (millions of dollars) Fees Don't Charge 40, 120 100, 100 Baggage Fees\fConsumer Valuations per Season Consumer Lawn Cutting Fertilizing Bundle Ben $ 800 $400 $1,200 Ethan 1,000 250 1.250Price ($) 40 36 32 28 24 20 16 12 MC = AC 4 MR ID 1 2 3 4 5 6 7 8 9 10 Quantity

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