Total revenue and profit, Monsieur Cournot has a monopoly on an artesian well from that

Total revenue and profit

Monsieur Cournot has a monopoly on an artesian well from that flows tasty spring water along with medicinal properties. To ignore variable costs, he insists which customers bring their own pails as well as fill them personally. When Cournot could completely price discriminate, in that case his total revenue and profit could equal as: (1) 12,000 Euros. (2) 20,000 Euros. (3) 27,000 Euros. (4) 36,000 Euros. (v) 144,000 Euros.

2072_Elasticity and Total Revenue.png

Please help me to solve the problem of Economic that is given above.

View Complete Question

Related Questions in Microeconomics

Q : Minimum Wage Laws I have a problem in

I have a problem in economics on Minimum Wage Laws. Please help me in the following question. Minimum wage legislation has been promotes as a technique to: (i) Make sure that workers are paid beneath the subsistence salaries. (ii) Perpetuate poverty. (iii) Maxim

Q : Analytic time and profit maximization

Firm A in below illustration of figure maximizes profit and is: (1) demonstrated as operating in the long run. (2) capable of reaping economic profit of P2P1de, since only in the short run. (3) incurring economic losses equivalent to fixed costs of P3

Q : Interest rate risk premium What is

What is Interest rate risk premium? Briefly explain it.

Q : Technology used in price and supply Can

Can someone help me in finding out the precise answer from the given options. The citizens in lower 48 states utilize lots of wild Alaskan salmon till a major oil spill close to Anchorage spoils the fishing. The ____ of salmon will increase whereas the ____ reduces. (

Q : Influence of drought in market price

Severe drought outcomes in a drastic fall in the output of wheat. Examine how will it influence the market price of wheat? Answer: As an outcome of severe drought,

Q : Family Allowance Plans for Income

Government payments generally provided into European nations which are roughly sufficient to feed and clothe each child within a family are parts of programs termed as: (w) Family Allowance Plans [FAPs]. (x) negative income taxes [NITs]. (y) indigent subsidy plans [IS

Q : Effect of minimum wage laws in

The Minimum wage laws might efficiently raise employment: (i) When the set wage value surpasses labor market equilibrium. (ii) In industries of profoundly exercised monopsony power. (iii) In no condition; higher minimum wage floods the labor supply and lower minimum w

Q : Law of Supply Law of Supply : Supply

Law of Supply: Supply means the goods provided for sale at a price throughout a particular period of time. This is the capacity and intention of the producers to gen

Q : Strategic Barriers to Entry in

Extravagant and costly marketing through established firms in an oligopoly is probable to: (w) encourage entry by other profit maximizing firms. (x) raise the minimum efficient scale of production for new entrants. (y) act as a regulatory barrier of entry. (z) increas

Q : Normal accounting profit The only

The only profit earned within the long run through a purely competitive firm is of: (w) normal accounting profit. (x) offset by short term losses. (y) created by exceptionally astute managers. (z) unrelated to its opportunity costs.

Discover Q & A

Leading Solution Library

Avail More Than 1454335 Solved problems, classrooms assignments, textbook's solutions, for quick Downloads

No hassle, Instant Access

Start Discovering

18,76,764

1954583
Asked

3,689

Active Tutors

1454335

Questions
Answered

Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!!

Submit Assignment