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A Firm Faces the Demand for Its Product P=1000.5QP = 100 - 0.5 Q

Question 57

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A firm faces the demand for its product, P=1000.5QP = 100 - 0.5 Q ,as shown in the figure below.It produces under conditions of constant costs in the long run,and LMC = LAC = $12 per unit.  A firm faces the demand for its product,  P = 100 - 0.5 Q  ,as shown in the figure below.It produces under conditions of constant costs in the long run,and LMC = LAC = $12 per unit.   If the firm can practice first-degree price discrimination,it will be able to collect $________ in total revenue under perfect price discrimination. A) $1,872 B) $1,936 C) $7,744 D) $9,856 E) none of the above If the firm can practice first-degree price discrimination,it will be able to collect $________ in total revenue under perfect price discrimination.


A) $1,872
B) $1,936
C) $7,744
D) $9,856
E) none of the above

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