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 nearest whole number) rounds, (Round your response to the od p puro; ad se ad 100 2 2 2 2 2 2 2 90- 30- 70- 60- 50- 40 30- 20- 10 0 MC ATC MR 20 40 60 80 100 120 140 160 160 2 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 nearest whole number) rounds, (Round your response to the od p puro; ad se ad 100 2 2 2 2 2 2 2 90- 30- 70- 60- 50- 40 30- 20- 10 0 MC ATC MR 20 40 60 80 100 120 140 160 160 2 Quantity (rounds of golf per week)
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Transcribed Image Text: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
nearest whole number)
rounds, (Round your response to the
od p puro; ad sapp) ad
100
2 2 2 2 2 2 2
90-
30-
70-
60-
40
30-
20-
10
0
6
20
MC
ATC
MR
40 60 80 100 120 140 160 160 2
Quantity (rounds of golf per week)
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