Figure 16-6

Watanabe Sensei operates the only martial arts school in Hartfield. For simplicity, assume that consumers have identical demand curves and that Sensei knows what this demand curve is. Figure 16-6 shows this demand curve.
-Refer to Figure 16-6.If Sensei acts as a single-price monopolist and charges the profit-maximizing price, what is the consumer surplus received by his customers?
A)the area A + B + C + D
B)the area A + B + C + D + E
C)the area A + B
D)the area A + C + H

Question

Figure 16-6
  
Watanabe Sensei operates the only martial arts school in Hartfield. For simplicity, assume that consumers have identical demand curves and that Sensei knows what this demand curve is. Figure 16-6 shows this demand curve.
-Refer to Figure 16-6.If Sensei acts as a single-price monopolist and charges the profit-maximizing price, what is the consumer surplus received by his customers?
A)the area A + B + C + D 
B)the area A + B + C + D + E 
C)the area A + B 
D)the area A + C + H

Quizplus · Accepted Answer

The Answer of Figure 16-6
  
Watanabe Sensei operates the only martial arts school in Hartfield. For simplicity, assume that consumers have identical demand curves and that Sensei knows what this demand curve is. Figure 16-6 shows this demand curve.
-Refer to Figure 16-6.If Sensei acts as a single-price monopolist and charges the profit-maximizing price, what is the consumer surplus received by his customers?
A)the area A + B + C + D 
B)the area A + B + C + D + E 
C)the area A + B 
D)the area A + C + H

Figure 16-6 Watanabe Sensei Operates the Only Martial Arts School in Hartfield