Image transcription text Question 4 Correct Mark 1.00 out of 1.00 Flag question Suppose that there is only one restaurant in city A. The demand
Image transcription text Question 4
Correct
Mark 1.00 out of 1.00
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Suppose that there is only one restaurant in city A. The demand faced by the
restaurant is P = 115 – 30 where Q is the number of meals provided and can
only take integer values. The marginal cost of producing an additional unit
of food is $10. The restaurant should charge $[ Answer ] per meal.
(In integers, .)
Answer:
61
Check
Correct
Marks for this submission: 1.00/1.00.
Question 5
Incorrect Mark 0.00 out of 1.00
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Continue from the previous question. The deadweight loss caused by the
monopolistic restaurant is $[ Answer ].
(In decimal numbers, with two decimal places, .)
Answer:
663.00
Check 433.5 was also wrong
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