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 monopolistengages in first-degree price discrimination:Total output will equal, QM1 ?Select one:a. 0< QM¹ <25b.25< QM¹ <50O c. 50< QM1 <75d. 75< QM1 <100e. None of the abovWhat is the maximum profit the monopolist can earn in this market piM1Select one:a. 0< piM1 <1000O b.O c.O d.Oe.1000< piM1 <20002000< piM1 <30003000< piM1 <4000None of the abov consumer surplus will be ?Select one:O a. 0O b. 2O c. 4O d. 5O e. 6

The first degree price discrimination refers to the pricing strategy in which the monopolist charges…

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Economics

Use the following to answer questions 1-3:

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

Please answer questions 1 through 3.

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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