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Refer to the graph below which depicts demand and pricing for residential (r), commercial (c), and industrial (i) electric utility customers. If the demand schedule
Refer to the graph below which depicts demand and pricing for residential (r), commercial (c), and industrial (i) electric utility customers. If the demand schedule for commercial customers is Qc=100,000*Pc-2., what is the profit-maximizing price Pc that the utility could charge? Pricing of Multiple Products: Independent Demands Utility - Electric [or Gas] Service Dr MC Pr DC Pc Di PI $10 = EMR=MRi E * MRi Profit Maximizing Prices MRr MRC Qr QC Electricity O A. 20. O B. 14. O C. 12.50. O D. 12.0. O E. 11.0
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