If the monopolist shown in the following figure could practice first-degree price discrimination, the producer surplus would be: Price (dollars) 50 40 30 20 10 0 $450.00 O $1,200.00 $0.00 O $900.00 $225.00 30 50 60 MR 100 MC Quantity

If the monopolist shown in the following figure could practice first-degree price discrimination, the producer surplus would be: Price (dollars) 50 40 30 20 10 0 $450.00 O $1,200.00 $0.00 O $900.00 $225.00 30 50 60 MR 100 MC Quantity

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

If the monopolist shown in the following figure could practice first-degree price
discrimination, the producer surplus would be:
Price
(dollars)
50
40
30
20
10
0
$450.00
$1,200.00
$0.00
$900.00
$225.00
30 50 60
MR
100
MC
Quantity

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Draw pictures to describe how consumer surplus is changed by sucessful third-degree price discrimination. Please provide with explanation
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Please help
The quantity sold by a monopolist using first degree price discrimination is higher than the quantity sold by a monopolist who cannot price discriminate. O True O False
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QUESTION 23 If the monopolist shown in the following figure could practice first-degree price discrimination, the producer surplus would be: Price (dollars) 50 40 30 20 10 $0. $225. $450. $900. O $1,200. 30 50 60 MR 100 MC Quantity
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If a monopolist faces an inverse demand curve, p(y) = 100-2y and has constant marginal costs of $32 and zero fixed costs and if this monopolist is able to practice perfect price discrimination, its total profits will be O a. $1,156. O b. $17. O c. $578. O d. $1,734. O e. $289.
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