Using the demand schedule in the table above, the total revenue a ...

[Alygatorr01285]

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

[scrocafella]

Answer to Question 1

D

Answer to Question 2

C

[Alygatorr01285]

Thanks for the timely response, appreciate it

[scottmt]

Great answer, keep it coming