he only 9. Serena is a single-price, profit-maximizing monopolist in the sale of her own patented perfume, whose demand and marginal cost curves are as shown. (LO4, LO5, LO6) in por- d runs f eight shown o fixed is $12 60 МС AN 50 45 8.1 Th tab 40 no 30 20 15 Annual 10 Fixed c Variable MR Total co 0 4 6 8 12 16 24 harge Ounces/day Averag how What per 9 day 8.2 W a. Relative to the consumer surplus that would resul at the socially optimal quantity and price, how much consumer surplus is lost from her selling a the monopolist's profit-maximizing quantity and We its? and of tom- m es to duce 1 he price? re b. How much total surplus would result if Serena th could act as a perfectly u price-discriminating monopolist? $ per ounce E

he only 9. Serena is a single-price, profit-maximizing monopolist in the sale of her own patented perfume, whose demand and marginal cost curves are as shown. (LO4, LO5, LO6) in por- d runs f eight shown o fixed is $12 60 МС AN 50 45 8.1 Th tab 40 no 30 20 15 Annual 10 Fixed c Variable MR Total co 0 4 6 8 12 16 24 harge Ounces/day Averag how What per 9 day 8.2 W a. Relative to the consumer surplus that would resul at the socially optimal quantity and price, how much consumer surplus is lost from her selling a the monopolist's profit-maximizing quantity and We its? and of tom- m es to duce 1 he price? re b. How much total surplus would result if Serena th could act as a perfectly u price-discriminating monopolist? $ per ounce E

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

9a and 9b?

he only
9. Serena is a single-price, profit-maximizing monopolist
in the sale of her own patented perfume, whose demand
and marginal cost curves are as shown. (LO4, LO5, LO6)
in por-
d runs
f eight
shown
o fixed
is $12
60
МС
AN
50
45
8.1 Th
tab
40
no
30
20
15
Annual
10
Fixed c
Variable
MR
Total co
0
4 6 8
12
16
24
harge
Ounces/day
Averag
how
What
per 9
day
8.2 W
a. Relative to the consumer surplus that would resul
at the socially optimal quantity and price, how
much consumer surplus is lost from her selling a
the monopolist's profit-maximizing quantity and
We
its?
and
of
tom-
m
es to
duce
1 he
price?
re
b. How much total surplus would result if Serena
th
could act as a perfectly
u
price-discriminating
monopolist?
$ per ounce
E

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