S InPrivate O Unit 11 - Textbook and Min MindTap - Cengage Lea x D 10090Monopoly Outcome8 -> A https://ng.cengage.com/static/nb/ui/evo/index.html?deploymentld=56736610685718221329898682&elSBN=9781337096577&snapshotld=1556207&id3692! O * ... 2 Shay v * CENGAGE MINDTAP Q Search this course MAIN MENU ECO201 Homework (Ch 15) boots. For simplicity, assume that fixed costs are equal to zero; this, combined with the fact that Barefeet's marginal cost is constant, means that its * My Home marginal cost curve is also equal to the average total cost (ATC) curve. Courses First, suppose that Barefeet cannot price discriminate. That is, it must charge each consumer the same price for Ooh boots regardless of the A-Z consumer's willingness and ability to pay. CENGAGE UNLIMITED O Browse Catalog On the following graph, use the black point (plus symbol) to indicate the profit-maximizing price and quantity. Next, use the purple points (diamond symbol) to shade the profit, the green points (triangle symbol) to shade the consumer surplus, and the black points (plus symbol) to shade the * Partner Offers deadweight loss in this market without price discrimination. (Note: If you decide that consumer surplus, profit, or deadweight loss equals zero, EE Print Options indicate this by leaving that element in its original position on the palette.) * College Success Tips (? * Career Success Tips 100 Eonge Start your FREE trial of CENGAGE UNLIMITED 90 Monopoly Outcome 80 START TRIAL 70 Learn more 60 Consumer Surplus 50 2 Help 40 Profit Q Give Feedback MC = ATC 30 20 Deadweight Loss 10 MR Demand 100 200 300 400 500 600 700 800 900 1000 QUANTITY (Pairs of Ooh boots) O 3 of 24 - Clipboard Item not Collected: Delete items to increase available space Ma unore that D-cofont cn penctico Sminntion for cach pais of Oeh bests 10:48 AM P Type here to search 4/24/2020 PRICE (Dollars per pair of Ooh boots)
S InPrivate O Unit 11 - Textbook and Min MindTap - Cengage Lea x D 10090Monopoly Outcome8 -> A https://ng.cengage.com/static/nb/ui/evo/index.html?deploymentld=56736610685718221329898682&elSBN=9781337096577&snapshotld=1556207&id3692! O * ... 2 Shay v * CENGAGE MINDTAP Q Search this course MAIN MENU ECO201 Homework (Ch 15) boots. For simplicity, assume that fixed costs are equal to zero; this, combined with the fact that Barefeet's marginal cost is constant, means that its * My Home marginal cost curve is also equal to the average total cost (ATC) curve. Courses First, suppose that Barefeet cannot price discriminate. That is, it must charge each consumer the same price for Ooh boots regardless of the A-Z consumer's willingness and ability to pay. CENGAGE UNLIMITED O Browse Catalog On the following graph, use the black point (plus symbol) to indicate the profit-maximizing price and quantity. Next, use the purple points (diamond symbol) to shade the profit, the green points (triangle symbol) to shade the consumer surplus, and the black points (plus symbol) to shade the * Partner Offers deadweight loss in this market without price discrimination. (Note: If you decide that consumer surplus, profit, or deadweight loss equals zero, EE Print Options indicate this by leaving that element in its original position on the palette.) * College Success Tips (? * Career Success Tips 100 Eonge Start your FREE trial of CENGAGE UNLIMITED 90 Monopoly Outcome 80 START TRIAL 70 Learn more 60 Consumer Surplus 50 2 Help 40 Profit Q Give Feedback MC = ATC 30 20 Deadweight Loss 10 MR Demand 100 200 300 400 500 600 700 800 900 1000 QUANTITY (Pairs of Ooh boots) O 3 of 24 - Clipboard Item not Collected: Delete items to increase available space Ma unore that D-cofont cn penctico Sminntion for cach pais of Oeh bests 10:48 AM P Type here to search 4/24/2020 PRICE (Dollars per pair of Ooh boots)
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
Related questions
Question
Transcribed Image Text:S InPrivate
O Unit 11 - Textbook and Min
MindTap - Cengage Lea x D 10090Monopoly Outcome8
->
A https://ng.cengage.com/static/nb/ui/evo/index.html?deploymentld=56736610685718221329898682&elSBN=9781337096577&snapshotld=1556207&id3692! O *
...
2 Shay v
* CENGAGE MINDTAP
Q Search this course
MAIN MENU
ECO201 Homework (Ch 15)
boots. For simplicity, assume that fixed costs are equal to zero; this, combined with the fact that Barefeet's marginal cost is constant, means that its
* My Home
marginal cost curve is also equal to the average total cost (ATC) curve.
Courses
First, suppose that Barefeet cannot price discriminate. That is, it must charge each consumer the same price for Ooh boots regardless of the
A-Z
consumer's willingness and ability to pay.
CENGAGE UNLIMITED
O Browse Catalog
On the following graph, use the black point (plus symbol) to indicate the profit-maximizing price and quantity. Next, use the purple points (diamond
symbol) to shade the profit, the green points (triangle symbol) to shade the consumer surplus, and the black points (plus symbol) to shade the
* Partner Offers
deadweight loss in this market without price discrimination. (Note: If you decide that consumer surplus, profit, or deadweight loss equals zero,
EE Print Options
indicate this by leaving that element in its original position on the palette.)
* College Success Tips
(?
* Career Success Tips
100
Eonge
Start your FREE trial of
CENGAGE UNLIMITED
90
Monopoly Outcome
80
START TRIAL
70
Learn more
60
Consumer Surplus
50
2 Help
40
Profit
Q Give Feedback
MC = ATC
30
20
Deadweight Loss
10
MR
Demand
100
200
300
400 500 600 700 800 900 1000
QUANTITY (Pairs of Ooh boots)
O 3 of 24 - Clipboard
Item not Collected: Delete items
to increase available space
Ma unore that D-cofont cn penctico
Sminntion
for cach pais of Oeh bests
10:48 AM
P Type here to search
4/24/2020
PRICE (Dollars per pair of Ooh boots)
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