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Use the following to answer questions 1-3:

Use the following to answer questions 1-3:

ENGR.ECONOMIC ANALYSIS
ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Please answer questions 1 through 3.
Use the following to answer questions 1-3: A monopolist faces demand Q = 200 - 4p and has cost C(Q)=50+2Q2. If this monopolist engages in first-degree price discrimination: Total output will equal, QM1 ? Select one: a. 0< QM¹ <25 b. 25< QM¹ <50 O c. 50< QM1 <75 d. 75< QM1 <100 e. None of the abov What is the maximum profit the monopolist can earn in this market piM1 Select one: a. 0< piM1 <1000 O b. O c. O d. Oe. 1000< piM1 <2000 2000< piM1 <3000 3000< piM1 <4000 None of the abov
Transcribed Image Text:Use the following to answer questions 1-3: A monopolist faces demand Q = 200 - 4p and has cost C(Q)=50+2Q2. If this monopolist engages in first-degree price discrimination: Total output will equal, QM1 ? Select one: a. 0< QM¹ <25 b. 25< QM¹ <50 O c. 50< QM1 <75 d. 75< QM1 <100 e. None of the abov What is the maximum profit the monopolist can earn in this market piM1 Select one: a. 0< piM1 <1000 O b. O c. O d. Oe. 1000< piM1 <2000 2000< piM1 <3000 3000< piM1 <4000 None of the abov
consumer surplus will be ? Select one: O a. 0 O b. 2 O c. 4 O d. 5 O e. 6
Transcribed Image Text:consumer surplus will be ? Select one: O a. 0 O b. 2 O c. 4 O d. 5 O e. 6
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