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Question 31

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Use the following to answer question:
Figure: Demand and Marginal Revenue Use the following to answer question: Figure: Demand and Marginal Revenue -(Figure: Demand and Marginal Revenue) Use Figure: Demand and Marginal Revenue.The figure refers to a software upgrade.The producer incurred fixed costs of $10 million to produce the upgrade;the marginal cost of allowing consumers to download the upgrade is zero.What is the efficient price of the upgrade? A) $0 B) $50 C) $75 D) $100
-(Figure: Demand and Marginal Revenue) Use Figure: Demand and Marginal Revenue.The figure refers to a software upgrade.The producer incurred fixed costs of $10 million to produce the upgrade;the marginal cost of allowing consumers to download the upgrade is zero.What is the efficient price of the upgrade?


A) $0
B) $50
C) $75
D) $100

Correct Answer:

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