The graphs represent the demand for use of a local golf course for which there is no significant competition. (It has a local monopoly.)P denotes the price of a round of golf, and Q is the quantity of rounds "sold" each day. If the left graph represents the demand during weekdays and the right graph the weekend demand, this profit-maximizing golf course should
A)charge $9 for each round, regardless of the day of the week.
B)charge $7 for each round, regardless of the day of the week.
C)charge $7 for each round on weekdays and $10 during the weekend.
D)charge $9 for each round on weekdays and $10 during the weekend.

Question

The graphs represent the demand for use of a local golf course for which there is no significant competition. (It has a local monopoly.)P denotes the price of a round of golf, and Q is the quantity of rounds "sold" each day. If the left graph represents the demand during weekdays and the right graph the weekend demand, this profit-maximizing golf course should
A)charge $9 for each round, regardless of the day of the week. 
B)charge $7 for each round, regardless of the day of the week. 
C)charge $7 for each round on weekdays and $10 during the weekend. 
D)charge $9 for each round on weekdays and $10 during the weekend.

Quizplus · Accepted Answer

The Answer of  The graphs represent the demand for use of a local golf course for which there is no significant competition. (It has a local monopoly.)P denotes the price of a round of golf, and Q is the quantity of rounds "sold" each day. If the left graph represents the demand during weekdays and the right graph the weekend demand, this profit-maximizing golf course should
A)charge $9 for each round, regardless of the day of the week. 
B)charge $7 for each round, regardless of the day of the week. 
C)charge $7 for each round on weekdays and $10 during the weekend. 
D)charge $9 for each round on weekdays and $10 during the weekend.

The Graphs Represent the Demand for Use of a Local