Answer:
The monopolist's net profit function would be:

Step-by-step explanation:
Recall that perfect price discrimination means that the monopolist would be able to get the maximum price that consumers are willing to pay for his products.
Therefore, if the demand curve is given by the function:

P stands for the price the consumers are willing to pay for the commodity and "y" stands for the quantity of units demanded at that price.
Then, the total income function (I) for the monopolist would be the product of the price the customers are willing to pay (that is function P) times the number of units that are sold at that price (y):

Therefore, the net profit (N) for the monopolist would be the difference between the Income and Cost functions (Income minus Cost):

Answer:
$1,300
Step-by-step explanation:
commission on the first $10,000
= 4/100 * 10000
= $400
remaining amount
= $28,000 - $10,000
= $18,000
commission on remaining $18,000
= 5/100 * 18000
= $900
total commission
= $400 + $900
= $1,300
20 total marbles....7 are green
probability on first draw is 7/20...and since the marble was not replaced, the probability on the second draw is 6/19. And since they cant happen at the same time, we multiply
7/20 * 6/19 = 42/380 which reduces to 21/190
Answer
101 apples
Step-by-step explanation:
8 lbs x 16 oz = 128 oz
$28 / 128 oz = 22¢ per oz
$112 / 0.22¢ = 509 oz
509 oz / 5 oz = 101.8 apples