Refer to the following figure 10-1. Price (dollars) 50 40 30 20 MC 10 0 30 100 50 60 MR Quantity a. The level of output and price for the profit-maximizing single pricing monopolist would be: Q1 and P1=S b. If the monopolist shown in the figure 10-1 could practice first-degree price discrimination, the new level of ouput would be: Q2= , the consu

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Refer to the following figure 10-1. Price (dollars) 50 40 30 20 MC 10 0 30 100 50 60 MR Quantity a. The level of output and price for the profit-maximizing single pricing monopolist would be: Q1 and P1=S b. If the monopolist shown in the figure 10-1 could practice first-degree price discrimination, the new level of ouput would be: Q2= , the consumer surplus would be: $ and the producer surplus would be: $

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