Figure 16-2 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 16-2 shows this demand curve.
-Refer to Figure 16-2.If Sensei charges the competitive price for his classes,what is the maximum amount of admission fee that he can collect from his customers?

Question

Figure 16-2  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 16-2 shows this demand curve.
-Refer to Figure 16-2.If Sensei charges the competitive price for his classes,what is the maximum amount of admission fee that he can collect from his customers?

Quizplus · Accepted Answer

The Answer of Figure 16-2  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 16-2 shows this demand curve.
-Refer to Figure 16-2.If Sensei charges the competitive price for his classes,what is the maximum amount of admission fee that he can collect from his customers?

Figure 16-2 Watanabe Sensei Operates the Only Martial Arts