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Table 17-8 Mc=4 er. As For a certain small town, the table shows the demand schedule for water. Assume the marginal cost of supplying water is constant at $4 per bottle and there are no other costs. Price Quantity (bottles) TR R MR02 $9 200 1800 9 $8 400 $7 600 42 $6 800 3,200 & 800 8 $5 1000 5000 5 $4 1200 4800 4 $3 1400 $2 1600 4,200 3 3200/2 a monolopy 245 FX MR = MC 28 Refer to Table 17-8. If there were only one supplier of water, what would be the price and quantity? d. The price would be $7 per gallon and the quantity would be 600 gallons. b. The price would be $6 per gallon and the quantity would be 800 gallons. c. The price would be $5 per gallon and the quantity would be 1000 gallons. d. The price would be $4 per gallon and the quantity would be 1200 gallons.
Table 17-12 The table shows the town of Driveaway's demand schedule for gasoline. Assume the town's gasoline seller(s) incurs a cost of $2 for each gallon sold with no fixed cost. MC -2 Quantity (in gallons) Price Total Revenue MR 0 JX MR > MC by min 0 $8 $0 50 7 350 100 6 600 150 15 750 200 250 4-3 800 750 300 2 600
350 350 400 10 10 ò 勾結 30. Refer to Table 17-12. If there are exactly (two sellers of gasoline in Driveaway and if they collude, then which of the following outcomes is most likely? Each seller will sell 50 gallons and charge a price of $7. b. Each seller will sell 75 gallons and charge a price of $2.50. Each seller will sell 75 gallons and charge a price of $5. Each seller will sell 100 gallons and charge a price of $4.
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