Question: 2 4 5 points Suppose the typical consumer's demand for a single song from Amazon's online music library is Q = 2 0 - P

24 5

points

Suppose the typical consumer's demand for a single song from Amazon's online music library is

Q = 20 - P .

And Amazon faces the following cost function:

C (Q) = 500 .

If Amazon were to engage in two

-

part pricing, what would they charge customer's in a membership fee? How much would they charge each member per song played? Round your quantities to the nearest whole number and your prices to the nearest cent.

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245 points Suppose the typical consumer's demand for a single song

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