Question: Studying for finals. are these numbers correct and need help with versioning. These numbers are subrtraced? Question 8 10 paints Suppose that a monopolist is

Studying for finals. are these numbers correct and need help with versioning. These numbers are subrtraced?

Studying for finals. are these numbers correct and need help with versioning.

Question 8 10 paints Suppose that a monopolist is selling Coffee to two types of consumers. The rst type is willing to pay $4 for a cup, while the second type is only willing to pay $2. It costs the monopolist $0.50 to make a cup. However, the monopolist can also sell an inferior version of coffee that the rst type is willing to pay $1.50 for and the second type is also willing to pay $1.50 for. It also costs $0.50. Each type will only buy one cup of coffee. If they sell both versions of coffee, what will be the price for the premium version? o 2.5 .A. 3 A- 3.5 m 4 LI l Suppose that a monopolist is selling Coffee to two types of consumers. The rst type is willing to pay $4 for a cup, while the second type is only willing to pay $2. It costs the monopolist $0.50 to make a cup. However, the monopolist can also sell an inferior version of coffee that the rst type is willing to pay $1.50 for and the second type is also willing to pay $1.50 for. It also costs $0.50. Each type will only buy one cup of coffee. If they sell both versions of coffee, what will be the prot? 0 4 A. 5 A 4.5 Q est'on 10 10 POintS Save Answer u I If a monopolist is charging to groups different prices, aka 3rd degree price discrimination, then which of the following is true at the prices the monopolist chooses? -A- The Marginal Revenue from the group with the more inelastic demand is higher. -A- The Marginal Revenue from the group with the more inelastic demand is lower. -A- The price for the group with the more inelastic demand is higher. A The price for the group with the more inelastic demand is lower

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