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Figure 15-17 Your College Decides to Offer a Psychology Course as a a Psychology

Question 1

Multiple Choice

Figure 15-17
Figure 15-17 Your college decides to offer a psychology course as a MOOC that can be taken by students anywhere in the world, whether they are actually enrolled in your college or not. The demand and cost situation for the MOOC is shown in the figure. -Refer to Figure 15-17.An economics professor argues: I think the course should be priced so as to achieve economic efficiency. How much profit (or loss) will the college make on the course if it charges this price? A) -$2,592,000 B) -$1,080,000 C) $0 D) $450,000
Your college decides to offer a psychology course as a MOOC that can be taken by students anywhere in the world, whether they are actually enrolled in your college or not. The demand and cost situation for the MOOC is shown in the figure.
-Refer to Figure 15-17.An economics professor argues: "I think the course should be priced so as to achieve economic efficiency." How much profit (or loss) will the college make on the course if it charges this price?


A) -$2,592,000
B) -$1,080,000
C) $0
D) $450,000

Correct Answer:

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