The cost and demand conditions for residential water consumption are shown below. If there are 450,000 residential water customers, then develop an optimal two-part pricing scheme and answer Questions .
-At the optimal user fee in the previous question, the water utility company will lose _______ per month.
A) $0
B) $1,440,000
C) $1,680,000
D) $2,400,000
E) $3,242,500
Correct Answer:
Verified
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