You are the manager of a gas station and your goal is to maximize profits. Based on your past experience, the elasticity of demand by Texans for a car wash is -2, while the elasticity of demand by nonTexans for a car wash is -4_ If you charge Texans $18 for a car wash, howl.r much should you charge a driver with Oklahoma license plates for a car wash? Multiple Choice 0 $12 $15 $14 0 0 $13 0 * firm with market power has an individual consumer demand of Q = 24 4P and total costs of C = 3Q. What is the optimal amount of this. product to package in a single block. Multiple Choice 0.2 010 A video streaming service provider estimates its average customer's demand per year is Q = 7' 2P, and it knows the marginal cost of each download is $0.5. How much should the provider charge for an annual membership in order to extract the entire consumer surplus via an optimal twopart pricing strategy? Multiple Choice .$9 0 $10 0 $11 0 $12 The average consumer at a firm with market power has an inverse demand function of P =10 - 2Q _ The rm's total cost function is C = 50. If the firm engages in twopart pricing, what is the optimal xed fee to charge each consumer? Multiple Choice 0 $6.25 $3.25 $1.25 0 0 $245 0 In a Cournot oligopoly with N firms and identical marginal costs, the relationship between the price elasticity of demand for the firm and that of the market is Multiple Choice O EF = EM- O EF = NEM. O EF = EM/N. O EF = N/EM