Author Question: Using the demand schedule in the table above, the total revenue a perfectly price discriminating ... (Read 48 times)

Alygatorr01285 · **on:** Jun 29, 2018

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.

Question 2

Wendy spends 30 a week on movies and magazines. The price of a movie is 8, the price of a magazine is 2, and Wendy sees 3 movies a week and buys 3 magazines.

The price of a magazine now increases to 4 and Wendy's brother gives her 6 a week so that she can still see 3 movies a week and buy 3 magazines. In this situation, Wendy will see ________ movies and buy ________ magazines. A) 3; 3
B) less than 3; less than 3
C) more than 3; fewer than 3
D) less than 3; more than 3