Question 5. Based on the following graphs (which summarizes the demand, marginal revenue, and relevant costs for your product), determine your firm's optimal price, output, and the resulting profits for each of the following scenarios. (Note: P = 200 - 4Q)

1. You charge the same unit price to all consumers.

Price: $ _______________

Q:_______________

Profits: $ _______________

B) You engage in first-degree price discrimination.

- How many units are you willing to sell? Q:_______________ - What price(s) will you charge? (Explain)

-What are your profits? Profits: $ _______________

C) You engage in two-part pricing.

- How much should you charge per unit? Price: $ _______________

-How much output will you sell at this price? Q:_______________

-What is the maximum fixed fee you can charge? Fee:$ _______________

-What are your profits? Profits: $ _______________