**Question 44** Refer to the above data. The monopolist will realize a: **Demand Data:** | Price | Quantity Demanded | |--------|-------------------| | $5.50 | 3 | | $5.00 | 4 | | $4.50 | 5 | | $3.85 | 6 | | $3.35 | 7 | | $2.90 | 8 | | $2.50 | 9 | **Cost Data:** | Output | Total Cost ($) | |--------|----------------| | 3 | 5 | | 4 | 6 | | 5 | 6.50 | | 6 | 7.50 | | 7 | 9 | | 8 | 11 | | 9 | 14 | **Options:** - Profit of $8.50 - Profit of $7.50 - Profit of $16 - Loss of $14 **Question 45** Which of the following conditions is *not* required for price discrimination?

Question 44 Refer to the above data. The monopolist will realize a: Demand Data: | Price | Quantity Demanded | |--------|-------------------| | $5.50 | 3 | | $5.00 | 4 | | $4.50 | 5 | | $3.85 | 6 | | $3.35 | 7 | | $2.90 | 8 | | $2.50 | 9 | Cost Data: | Output | Total Cost ($) | |--------|----------------| | 3 | 5 | | 4 | 6 | | 5 | 6.50 | | 6 | 7.50 | | 7 | 9 | | 8 | 11 | | 9 | 14 | Options: - Profit of $8.50 - Profit of $7.50 - Profit of $16 - Loss of $14 Question 45 Which of the following conditions is not required for price discrimination?

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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