The diagram at right shows the demand curve, marginal revenue curve, and cost curves for a single-price monopolist that owns the only golf courses on Eagle Island. The monopolist's product is 18-hole golf games. a. Now suppose the monopolist is able to charge a different price on each different unit sold. What would be the total number of rounds of golf sold per week? The total number of rounds sold per week is rounds. (Round your response to the nearest whole number.) Price (dollars per round of golf) 200- 180- 160- 140- 120- 100- 80- 60- 40- 20- 0- MC ATC MR 50 100 150 200 250 300 350 400 450 50 Quantity (rounds of golf per week)

The diagram at right shows the demand curve, marginal revenue curve, and cost curves for a single-price monopolist that owns the only golf courses on Eagle Island. The monopolist's product is 18-hole golf games. a. Now suppose the monopolist is able to charge a different price on each different unit sold. What would be the total number of rounds of golf sold per week? The total number of rounds sold per week is rounds. (Round your response to the nearest whole number.) Price (dollars per round of golf) 200- 180- 160- 140- 120- 100- 80- 60- 40- 20- 0- MC ATC MR 50 100 150 200 250 300 350 400 450 50 Quantity (rounds of golf per week)

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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