Suppose a monopolist faces a per period demand curve having the form: P = 11 – 0.005Q. Her total cost function is given by: TC = 0.5Q. This monopolist is able to practice second degree price discrimination, by selling off batches of her product along the demand curve. She chooses two prices: $9 per unit and $5 per unit. What is the consumer surplus in each period? Group of answer choicesConsumer Surplus = $4,000.Consumer Surplus = $2,400.Consumer Surplus = $1,600.Consumer Surplus = $2,800.Consumer Surplus = $2,000.

Suppose a monopolist faces a market demand curve of the form: P = 122 – 0.2Q. This monopolist has a total cost curve given by: TC = 2Q. If the government were to regulate this monopolist and require them to charge a price equal to average cost, this price would be equal to $_____, and the monopolist would make a profit of $______.Group of answer choices2; 36,000.0; 0.2; 0.61; 17,995.62; 18,000.

Suppose that a firm faces a demand curve for its product of . The firm has a constantmarginal cost of $4 per unit. If the firm engages in first-degree price discrimination, how muchproducer surplus will it capture?A) $21.B) $18.C) $9.D) $4.5010 dP Q

Consumer surplus is the area the demand curve and the price.

Consumer surplus in a market for a product would be equal to ________ if the market price was zero.Group of answer choiceszerothe area between the supply curve and the demand curvethe area above the supply curvethe area under the demand curve

In a market there are two consumers. Each consumer has a demand curve of P = 10–0.5q. What is the market demand curve? Group of answer choicesP = 10 – QP = 10 – 0.25QP = 20 – QP = 10 – 2QP = 20 – 0.5Q