Refer to figure 16 2 sensei ʹ s friend marcel

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Chapter 24 / Exercise EX24-14
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117)Refer to Figure 16-2.Senseiʹs friend, Marcel, suggests that he charge a one-time membership fee touse the martial arts school, in addition to a per-class charge. Suppose Sensei charges the monopolyprice for each class and also imposes a one-time membership fee. What is the maximum amount ofrevenue from the membership fee he can collect from all his customers?A) an amount equal to the areaE+FB) an amount equal to the areaH+GC) an amount equal to the areaA+BD) an amount equal to the areaA+C+HAnswer: C
117)
Diff: 2Page Ref: 534-536/534-536Topic: Two-Part TariffLearning Outcome: Micro 14: Discuss production and pricing decisions within monopolies and how publicpolicies affect monopoliesAACSB: Analytic Skills118)Refer to Figure 16-2.With a two-part pricing scheme-a monopoly price for classes and aone-time membership fee-what is the amount of producer surplus Sensei will earn?
118)
Diff: 2Page Ref: 534-536/534-536Topic: Two-Part TariffLearning Outcome: Micro 14: Discuss production and pricing decisions within monopolies and how publicpolicies affect monopoliesAACSB: Analytic Skills119)Refer to Figure 16-2.Suppose instead of charging the monopoly price for his classes, Senseicharges the competitive price. What is the competitive price and what is the quantity demanded atthis price?
Diff: 1Page Ref: 534-536/534-536Topic: Pricing StrategyLearning Outcome: Micro 13: Explain the relationship between production and profits under perfectcompetitionAACSB: Analytic Skills120)Refer to Figure 16-2.If Sensei charges the competitive price for his classes, what is the maximumamount of admission fee that he can collect from his customers?
Diff: 1Page Ref: 534-536/534-536Topic: Pricing StrategyLearning Outcome: Micro 13: Explain the relationship between production and profits under perfectcompetitionAACSB: Analytic Skills36
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Chapter 24 / Exercise EX24-14
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