Using the demand schedule in the table above, the total revenue a perfectly price discriminating monopolist receives from selling 5 units of output is
A) $5.
B) $15.
C) $18.
D) $25.
D
You might also like to view...
Virtual currency unit 2 (VCU2) is different from VCU1 because:
a. VCU1 cannot be spent in the real world; VCU2 can be spent in the real world. b. VCU1 can only be purchased with real-word currencies. VCU2 can be purchased with real-world currencies and also earned in the virtual world. c. VCU1 cannot be converted into legal tender; VCU2 can be converted into legal tender. d. VCU1 can only be earned in the virtual world; VCU2 can be earned in the virtual world or purchased with legal tender.
Tuition and fees for four year colleges in the United States have risen over five percent per year in the recent past. One cause for the increase in price has been an increase in demand for college education. In the standard model, what could be a possible explanation for the increase in the demand for college education?
A. More colleges have been established B. The cost of two-year colleges has declined over the same period C. Income in the United States has risen D. The price of all other goods in the economy has risen 3 percent over the same period
An economist who favored expanded government would recommend:
A. tax cuts during recession and reductions in government spending during inflation. B. tax increases during recession and tax cuts during inflation. C. tax cuts during recession and tax increases during inflation. D. increases in government spending during recession and tax increases during inflation.
After government and taxes is added to the income-expenditure model, the formula for the aggregate consumption function is
A. C = a + b(Y - T). B. C = a + b(Y + T). C. C = a - b(T - Y). D. C = a - b(Y - T).