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(Solved by Expert Tutors) I have some questions about microeconomics and need help!




1.

Consider a monopolist that has two types of consumers. The first, students have a demand curve given by the following:?QA=120-2P. The second type of consumer is non-students who have the following demand curve: QB=200-4P. If the monopolist has constant marginal and average cost equal to 10, which of the following is true if the monopolist practices third degree price discrimination?
a. The price charged to student equals 35 and non-students equals 60.
b. The price charged to student equals 35 and non-students equals 30.
c. The price charged to student equals 60 and non-students equals 100.
d. The price charged to student equals 70 and non-students equals 40.
e. None of the above


2. Consider a monopolist that has two types of consumers. The first, students have a demand curve given by the following:?QA=120-2P. The second type of consumer are non-students who have the following demand curve: QB=200-4P. If the monopolist has constant marginal and average cost equal to 10, which of the following is true if the monopolist practices third degree price discrimination?
a. The quantity sold to students equals 50 and non-students equals 80.
b. The quantity sold to students equals 50 and non-students equals 30.
c. The quantity sold to students equals 35 and non-students equals 40.
d. The quantity sold to students equals 50 and non-students equals 40.
e. None of the above


3. Consider a monopolist that has two types of consumers. The first, students have a demand curve given by the following:?QA=120-2P. The second type of consumer are non-students who have the following demand curve: QB=200-4P. If the monopolist has constant marginal and average cost equal to 10, which of the following is true if the monopolist practices third degree price discrimination?
a. Total profit earned equals 2150.
b. Total profit earned equals 2250.
c. Total profit earned equals 2650.
d. Total profit earned equals 2850.
e. None of the above

 


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