View the step-by-step solution to:


This question was created from Homework 9


How do you calculate the following from the chart? The firm earns profits Remaining surplus available to consumers The firm now owns profits Remaining surplus available to consumers.


If the firm can only charge a single price ,
what is this firm's profits ( when maximizing
profits ) ? The figure to the right assumes the
TO. DO -
firm has no fixed costs .
& per unit
50.00 -
The firm earns profits of $ 225 . ( Enter a
40.00 -
numeric response lising rounded to two
decimal places . )
30. 00 -
20.010 -
Correspondingly , remaining surplus available
10.00 -
to consumers is $ 112.5 . ( Fuller a Numeric
\ D
response lising Founded to two decimal
0 10 20 30 40 50 60 TO BO {`
places . )
Now suppose the firm is able to capture all
Consumer surplus by' charging different prices
to different customers .
The firm now earns profits of $ 450 . ( Enter a
numeric response lising rounded to two
decimal places . )
In turn , remaining surplus available to
Consumers is $ UI. ( Enter a numeric response*
Using rounded to the decimal places ."

Top Answer

Sign up to view the full answer

Why Join Course Hero?

Course Hero has all the homework and study help you need to succeed! We’ve got course-specific notes, study guides, and practice tests along with expert tutors.


Educational Resources
  • -

    Study Documents

    Find the best study resources around, tagged to your specific courses. Share your own to gain free Course Hero access.

    Browse Documents
  • -

    Question & Answers

    Get one-on-one homework help from our expert tutors—available online 24/7. Ask your own questions or browse existing Q&A threads. Satisfaction guaranteed!

    Ask a Question
Ask a homework question - tutors are online