Neem Products sells its Ayurvedic Neem toothpaste in two completely isolated

Neem products sells its ayurvedic neem toothpaste in

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Neem Products sells its Ayurvedic Neem toothpaste in two completely isolated markets with demand schedules as shown inTable 16-2. The average cost of production is constant at $2 per tube.40)Refer to Table 16-2.How many tubes of toothpaste will Neem sell in Middle Fall and at whatprice?A)Q=5 units;P=$4B)Q=2 units;P=$7C)Q=3 units;P=$6D)Q=4 units;P=$5Answer: D40)Diff: 2Page Ref: 523-524/523-524Topic: Price DiscriminationLearning Outcome: Micro 14: Discuss production and pricing decisions within monopolies and how publicpolicies affect monopoliesAACSB: Analytic Skills41)Refer to Table 16-2.How many tubes of toothpaste will Neem sell in West Fall and at what price?41)Diff: 2Page Ref: 523-524/523-524Topic: Price DiscriminationLearning Outcome: Micro 14: Discuss production and pricing decisions within monopolies and how publicpolicies affect monopoliesAACSB: Analytic Skills42)Refer to Table 16-2.What is the total revenue received from both markets combined?42)Diff: 2Page Ref: 523-524/523-524Topic: Price DiscriminationLearning Outcome: Micro 14: Discuss production and pricing decisions within monopolies and how publicpolicies affect monopoliesAACSB: Analytic Skills43)Refer to Table 16-2.What are the total profits from both markets combined?43)Diff: 2Page Ref: 523-524/523-524Topic: Price DiscriminationLearning Outcome: Micro 14: Discuss production and pricing decisions within monopolies and how publicpolicies affect monopoliesAACSB: Analytic Skills12
44)Refer to Table 16-2.Which of the following statements is true about the two markets?A) The demand in Middle Fall is more income elastic than the demand in West Fall.B) The demand in Middle Fall is less price elastic than the demand in West Fall.C) The demand in Middle Fall is more income elastic than the demand in West Fall.D) The demand in Middle Fall is more price elastic than the demand in West Fall.Answer: B44)Diff: 2Page Ref: 523-524/523-524Topic: Price DiscriminationLearning Outcome: Micro 14: Discuss production and pricing decisions within monopolies and how publicpolicies affect monopoliesAACSB: Analytic Skills

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