Price and costs (dollars per pound) a 9 2 0 100 A) B) C) $0 D) $200 Answer: A $400 $900 A) B) C) D) MR Topic: Consumer Surplus Level 3: Calculations and Predictions MC 176) The figure shows the demand for and costs of producing Charlene's Chocolates. If Charlene's Chocolates is a monopoly and charges one price to all customers, then the consumer surplus is 200 300 400 500 600 Quantity (pounds of candy per day) D Topic: Redistribution of Surpluses Level 3: Calculations and Predictions 177) The figure above shows the demand for and costs of producing Charlene's Chocolates. If Charlene's Chocolates charges one price to all customers, its monopoly's gain is and it creates a dead- weight loss of $800; $400 $200; $100 $400; $200 $0; $200

Price and costs (dollars per pound) a 9 2 0 100 A) B) C) $0 D) $200 Answer: A $400 $900 A) B) C) D) MR Topic: Consumer Surplus Level 3: Calculations and Predictions MC 176) The figure shows the demand for and costs of producing Charlene's Chocolates. If Charlene's Chocolates is a monopoly and charges one price to all customers, then the consumer surplus is 200 300 400 500 600 Quantity (pounds of candy per day) D Topic: Redistribution of Surpluses Level 3: Calculations and Predictions 177) The figure above shows the demand for and costs of producing Charlene's Chocolates. If Charlene's Chocolates charges one price to all customers, its monopoly's gain is and it creates a dead- weight loss of $800; $400 $200; $100 $400; $200 $0; $200

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

Give explanation of the correct option and explanation of the incorrect options. Note: Hand written solutions not allowed.

Price and costs (dollars per pound)
10
8
2
0
ABOD
A)
B)
C) $0
D) $200
Answer: A
B)
100
Topic: Consumer Surplus
Level 3: Calculations and Predictions
$400
$900
MR
MC
176) The figure shows the demand for and costs of
producing Charlene's Chocolates. If Charlene's
Chocolates is a monopoly and charges one price
to all customers, then the consumer surplus is
200 300 400 500 600
Quantity (pounds of candy per day)
Topic: Redistribution of Surpluses
Level 3: Calculations and Predictions
D
177) The figure above shows the demand for and costs
of producing Charlene's Chocolates. If Charlene's
Chocolates charges one price to all customers, its
monopoly's gain is and it creates a dead-
weight loss of
A) $800; $400
$200; $100
$400; $200
D) $0; $200

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