Quiz_164 - 68 RefertoTable16-1.IfJuliecharges$10perhour, receivedbyDawn A $2 B $10 C $12 D $22 68 Answer A Diff:2 PageRef:527-528\/527-528 Topic

Quiz_164 - 68 RefertoTable16-1.IfJuliecharges$10perhour,...

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68)Refer to Table 16-1.If Julie charges $10 per hour, what is the value of the consumer surplusreceived by Dawn?A) $2B) $10C) $12D) $22Answer: A68)Diff: 2Page Ref: 527-528/527-528Topic: Perfect Price DiscriminationLearning Outcome: Micro 14: Discuss production and pricing decisions within monopolies and how publicpolicies affect monopoliesAACSB: Analytic Skills69)Refer to Table 16-1.Suppose Julieʹs marginal cost of providing this service is constant at $7 andshe charges $7. How many hours will be purchased and what is her total revenue?69)Diff: 2Page Ref: 527-528/527-528Topic: Perfect Price DiscriminationLearning Outcome: Micro 14: Discuss production and pricing decisions within monopolies and how publicpolicies affect monopoliesAACSB: Analytic Skills70)Refer to Table 16-1.Suppose Julieʹs marginal cost of providing this service is constant at $7 andshe charges $7 per hour. What is her marginal revenue?70)Diff: 2Page Ref: 527-528/527-528Topic: Perfect Price DiscriminationLearning Outcome: Micro 14: Discuss production and pricing decisions within monopolies and how publicpolicies affect monopoliesAACSB: Reflective Thinking71)Refer to Table 16-1.Suppose Julieʹs marginal cost of providing this service is constant at $7 andshe charges $7. What is the value of the consumer surplus enjoyed by her customers?71)Diff: 2Page Ref: 527-528/527-528Topic: Perfect Price DiscriminationLearning Outcome: Micro 14: Discuss production and pricing decisions within monopolies and how publicpolicies affect monopoliesAACSB: Analytic Skills21
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