if demand in the United States is given by Q1 = 14,000 - 1,000p1, where p1 is the price in the United States, and if the demand in England is given by 1,600 - 200p2, where p2 is the price in England, then the difference between the price charged in England and the price charged in the United States will be

A) $8. B) $0. C) $3. D) $6. E) $9. A) $8. B) $0. C) $3. D) $6. E) $9.

if demand in the United States is given by Q1 = 11,200 - 800p1, where p1 is the price in the United States, and if the demand in England is given by 1,600 - 200p2, where p2 is the price in England, then the difference between the price charged in England and the price charged in the United States will be

A) $8. B) $3. C) $6. D) $0. E) $9. A) $8. B) $3. C) $6. D) $0. E) $9.

if demand in the United States is given by Q1 = 18,000 - 900p1, where p1 is the price in the United States, and if the demand in England is given by 2,000 - 200p2, where p2 is the price in England, then the difference between the price charged in England and the price charged in the United States will be

A) $10. B) $0. C) $11. D) $5. E) $15. A) $10. B) $0. C) $11. D) $5. E) $15.

if demand in the United States is given by Q1 = 13,200 - 600p1, where p1 is the price in the United States, and if the demand in England is given by 9,000 - 500p2, where p2 is the price in England, then the difference between the price charged in England and the price charged in the United States will be

A) $4. B) $2. C) $0. D) $12. E) $6. A) $4. B) $2. C) $0. D) $12. E) $6.

if demand in the United States is given by Q1 = 7,200 - 300p1, where p1 is the price in the United States, and if the demand in England is given by 3,600 - 200p2, where p2 is the price in England, then the difference between the price charged in England and the price charged in the United States will be

A) $3. B) $6. C) $0. D) $13. E) $9. A) $3. B) $6. C) $0. D) $13. E) $9.

Exam 24: Monopoly Behavior-Part B

A price-discriminating monopolist sells in two separate markets such that goods sold in one market are never resold in the other.It charges $6 in one market and $8 in the other market.At these prices, the price elasticity in the first market is -2.40 and the price elasticity in the second market is -0.70.Which of the following actions is sure to raise the monopolist's profits?

Free

(Multiple Choice)

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Question 1

Correct Answer:

Verified

A price-discriminating monopolist sells in two separate markets such that goods sold in one market are never resold in the other.It charges $2 in one market and $12 in the other market.At these prices, the price elasticity in the first market is -2.50 and the price elasticity in the second market is -0.70.Which of the following actions is sure to raise the monopolist's profits?

Free

(Multiple Choice)

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Question 2

Correct Answer:

Verified

A price-discriminating monopolist sells in two separate markets such that goods sold in one market are never resold in the other.It charges $6 in one market and $11 in the other market.At these prices, the price elasticity in the first market is -1.40 and the price elasticity in the second market is -0.90.Which of the following actions is sure to raise the monopolist's profits?

Free

(Multiple Choice)

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Question 3

Correct Answer:

Verified

Suppose that 3,500 people are interested in attending ElvisLand.Once a person arrives at ElvisLand, his or her demand for rides is given by x = max{2 - p, 0} , where p is the price per ride.There is a constant marginal cost of $1 for providing a ride at ElvisLand.ElvisLand charges a profit-maximizing two-part tariff, with one price for admission to ElvisLand and another price per ride for those who get in.How much should it charge per ride and how much for admission?

(Multiple Choice)

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Question 4

Suppose that 1,000 people are interested in attending ElvisLand.Once a person arrives at ElvisLand, his or her demand for rides is given by x = max{6 - p, 0} , where p is the price per ride.There is a constant marginal cost of $3 for providing a ride at ElvisLand.If ElvisLand charges a profit-maximizing two-part tariff, with one price for admission to ElvisLand and another price per ride for those who get in.How much should it charge per ride and how much for admission?

(Multiple Choice)

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Question 5

If a monopolist faces an inverse demand curve, p(y)= 100 - 2y and has constant marginal costs of $8 and zero fixed costs and if this monopolist is able to practice perfect price discrimination, its total profits will be

(Multiple Choice)

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Question 6

if demand in the United States is given by Q₁ = 14,000 - 1,000p₁, where p₁ is the price in the United States, and if the demand in England is given by 1,600 - 200p₂, where p₂ is the price in England, then the difference between the price charged in England and the price charged in the United States will be

(Multiple Choice)

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Question 7

Suppose that 2,500 people are interested in attending ElvisLand.Once a person arrives at ElvisLand, his or her demand for rides is given by x = max{3 - p, 0} , where p is the price per ride.There is a constant marginal cost of $2 for providing a ride at ElvisLand.ElvisLand charges a profit-maximizing two-part tariff, with one price for admission to ElvisLand and another price per ride for those who get in.How much should it charge per ride and how much for admission?

(Multiple Choice)

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Question 8

A price-discriminating monopolist sells in two separate markets such that goods sold in one market are never resold in the other.It charges $4 in one market and $9 in the other market.At these prices, the price elasticity in the first market is -1.50 and the price elasticity in the second market -0.40.Which of the following actions is sure to raise the monopolist's profits?

(Multiple Choice)

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Question 9

If a monopolist faces an inverse demand curve, p(y)= 100 - 2y and has constant marginal costs of $24 and zero fixed costs and if this monopolist is able to practice perfect price discrimination, its total profits will be

(Multiple Choice)

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Question 10

If a monopolist faces an inverse demand curve, p(y)= 100 - 2y and has constant marginal costs of $16 and zero fixed costs and if this monopolist is able to practice perfect price discrimination, its total profits will be

(Multiple Choice)

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Question 11

if demand in the United States is given by Q₁ = 11,200 - 800p₁, where p₁ is the price in the United States, and if the demand in England is given by 1,600 - 200p₂, where p₂ is the price in England, then the difference between the price charged in England and the price charged in the United States will be

(Multiple Choice)

4.9/5

(40)

Question 12

A price-discriminating monopolist sells in two separate markets such that goods sold in one market are never resold in the other.It charges $6 in one market and $8 in the other market.At these prices, the price elasticity in the first market is -2.10 and the price elasticity in the second market is -0.40.Which of the following actions is sure to raise the monopolist's profits?

(Multiple Choice)

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(36)

Question 13

if demand in the United States is given by Q₁ = 18,000 - 900p₁, where p₁ is the price in the United States, and if the demand in England is given by 2,000 - 200p₂, where p₂ is the price in England, then the difference between the price charged in England and the price charged in the United States will be

(Multiple Choice)

4.9/5

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Question 14

if demand in the United States is given by Q₁ = 13,200 - 600p₁, where p₁ is the price in the United States, and if the demand in England is given by 9,000 - 500p₂, where p₂ is the price in England, then the difference between the price charged in England and the price charged in the United States will be

(Multiple Choice)

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Question 15

If a monopolist faces an inverse demand curve, p(y)=100 - 2y and has constant marginal costs of $4 and zero fixed costs and if this monopolist is able to practice perfect price discrimination, its total profits will be

(Multiple Choice)

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(38)

Question 16

Suppose that 3,500 people are interested in attending ElvisLand.Once a person arrives at ElvisLand, his or her demand for rides is given by x = max{7 - p, 0} , where p is the price per ride.There is a constant marginal cost of $3 for providing a ride at ElvisLand.ElvisLand charges a profit-maximizing two-part tariff, with one price for admission to ElvisLand and another price per ride for those who get in.How much should it charge per ride and how much for admission?

(Multiple Choice)

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(40)

Question 17

Suppose that 2,000 people are interested in attending ElvisLand.Once a person arrives at ElvisLand, his or her demand for rides is given by x = max{5 - p, 0), where p is the price per ride.There is a constant marginal cost of $2 for providing a ride at ElvisLand.If ElvisLand charges a profit-maximizing two-part tariff, with one price for admission to ElvisLand and another price per ride for those who get in.How much should it charge per ride and how much for admission?

(Multiple Choice)

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Question 18

If a monopolist faces an inverse demand curve, p(y)= 100 - 2y and has constant marginal costs of $32 and zero fixed costs and if this monopolist is able to practice perfect price discrimination, its total profits will be

(Multiple Choice)

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Question 19

if demand in the United States is given by Q₁ = 7,200 - 300p₁, where p₁ is the price in the United States, and if the demand in England is given by 3,600 - 200p₂, where p₂ is the price in England, then the difference between the price charged in England and the price charged in the United States will be

(Multiple Choice)

4.9/5

(33)

Question 20

Showing 1 - 20 of 20

Exam 24: Monopoly Behavior-Part B

If a monopolist faces an inverse demand curve, p(y)= 100 - 2y and has constant marginal costs of $8 and zero fixed costs and if this monopolist is able to practice perfect price discrimination, its total profits will be

If a monopolist faces an inverse demand curve, p(y)= 100 - 2y and has constant marginal costs of $24 and zero fixed costs and if this monopolist is able to practice perfect price discrimination, its total profits will be

If a monopolist faces an inverse demand curve, p(y)= 100 - 2y and has constant marginal costs of $16 and zero fixed costs and if this monopolist is able to practice perfect price discrimination, its total profits will be

If a monopolist faces an inverse demand curve, p(y)=100 - 2y and has constant marginal costs of $4 and zero fixed costs and if this monopolist is able to practice perfect price discrimination, its total profits will be

If a monopolist faces an inverse demand curve, p(y)= 100 - 2y and has constant marginal costs of $32 and zero fixed costs and if this monopolist is able to practice perfect price discrimination, its total profits will be

Budget Constraint-Part A

Budget Constraint-Part B

Preferences-Part A

Preferences-Part B

Utility-Part A

Utility-Part B

Choice-Part A

Choice-Part B

Demand-Part A

Demand-Part B

Revealed Preference-Part A

Revealed Preference-Part B

Slutsky Equation-Part A

Slutsky Equation-Part B

Buying and Selling-Part A

Buying and Selling-Part B

Intertemporal Choice-Part A

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Asset Markets-Part A

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Uncertainty-Part A

Uncertainty-Part B

Risky Assets-Part A

Risky Assets-Part B

Consumers Surplus-Part A

Consumers Surplus-Part B

Market Demand-Part A

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Equilibrium-Part A

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Auctions-Part A

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Technology-Part A

Technology-Part B

Profit Maximization-Part A

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Cost Minimization-Part A

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Cost Curves-Part A

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Industry Supply-Part A

Industry Supply-Part B

Monopoly-Part A

Monopoly-Part B

Monopoly Behavior-Part A

Factor Markets-Part A

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Oligopoly-Part A

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Game Theory-Part A

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Game Applications-Part B

Behavioral Economics

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Exchange-Part B

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Production-Part B

Welfare-Part A

Welfare-Part B

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Information Technology-Part A

Information Technology-Part B

Public Goods-Part A

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Asymmetric Information-Part A

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