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Question 1 Correct Mark 1.00 out of 1.00 P Flag question Suppose a monopolist expects to encounter 7 customers on a typical day. Their reservation
Question 1 Correct Mark 1.00 out of 1.00 P Flag question Suppose a monopolist expects to encounter 7 customers on a typical day. Their reservation prices are shown in the table below. Customer Reservation Price ($) A 64 B 59 C 56 D 54 E 52 F 49 G 46 If the marginal cost is $39, and the monopolist can charge the same price for all customers, the number of customers the monopolist will serve is [ Answer ]. (In integers, please) Answer: Check Correct Marks for this submission: 1.00/1.00. Question 2 Correct Mark 1.00 out of 1.00 P Flag question Continue from the previous question. The profit-maximizing price is $[ Answer ]. (In decimal numbers, with two decimal places, please.) Answer:| 52.00 CheckQuestion 3 Incorrect Mark 0.00 out of 1.00 Remove flag Continue from the previous questions. Suppose the fixed cost is $25 per day. The maximum daily profit for the monopolist is $[ Answer ]. (In decimal numbers, with two decimal places, please.) Answer: 135.00 X Check Incorrect Marks for this submission: 0.00/1.00. This submission attracted a penalty of 0.33
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