Suppose Phineasis theonlyinventor and seller of space suitsin town and therefore holds a monopoly on the sale of space suits.Phineas can offer additional space suits at a constant$200 per suit (marginal cost).For simplicity assume that he hasnofixed costs.Show your work for receive full points.

The following is the demand schedule for space suits in Phineas' town:

Quantity of space suits demanded Price of a space suit

0 $1,000

1 $800

2$600

3 $450

4 $200

5 $0

A. If Phineas acts as aprofit maximizing monopolist,how many space suits will he offer and what price will he charge?

B.What is Phineas' profit?

C.If the market for space suits were perfectly competitive,what would be the efficient price?

D.If Phineaswas able to price discriminate andalsosell his space suits to Aliens who have a higher elasticity of demand than humans (the table above) for space suits, where would he make the larger profit?