Market Demand is given in the table below. The only producer in the market is a monopolist. They have a constant Marginal Cost of $25. Assume no externalities and only integer units. What is the change in TOTAL Surplus if the monopolist goes from charging the same price for every unit (i.e. single-price) to doing perfect price discrimination. Enter a number only, no $ sign. Include a negative sign if Total Surplus under the single-price setting is higher. Q MWTP 1 $64 2 $48 3 $32 4 $21 5 13
Market Demand is given in the table below. The only producer in the market is a monopolist. They have a constant Marginal Cost of $25. Assume no externalities and only integer units. What is the change in TOTAL Surplus if the monopolist goes from charging the same price for every unit (i.e. single-price) to doing perfect price discrimination. Enter a number only, no $ sign. Include a negative sign if Total Surplus under the single-price setting is higher. Q MWTP 1 $64 2 $48 3 $32 4 $21 5 13
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Market Demand is given in the table below. The only producer in the market is a monopolist. They have a constant Marginal Cost of $25. Assume no externalities and only integer units. What is the change in TOTAL Surplus if the monopolist goes from charging the same
| Q | MWTP |
| 1 | $64 |
| 2 | $48 |
| 3 | $32 |
| 4 | $21 |
| 5 | 13 |
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