Question

Use the following information to answer questions 7 - 12. Suppose there is one buyer located at points 1 through 11, one unit of distance apart. These buyers purchase at most one unit of the product when its price is less than or equal to $10. Assume the MC and AC of producing the product is $5. Transport costs are constant per unit of distance.

Answer 1

Solution: ach It. When the seller charges the same price to ead buyer including delivery of the product, the price charged would be. Hence option "so" is correct answer. Because seller would changed high price of product. 12. When t=1 the profit enned when charging the same price to each buger including delivery of the product is. Hence option ce ca 11" is correct answer. Because uper given statement is cleary say that It point, it means to buyers.