following demand curve of a consumer for a monopolist’s product Q = 14 – 2P ( a) fi nd the total revenue of the monopolist when it sells 6 units of the commodity without practicing any form of price discrimination. What is the value of the consumers’ surplus? ( b) What would be the total revenue of the monopolist if it practiced first-degree price discrimination? How much would the consumers’ surplus be in this case? ( c) What if the monopolist charged P = $ 5.50 for the first 3 units of the commodity and P = $ 4 for the next 3 units— what type of price discrimination is this?

Note:
1. P12: You could use figure 12-4 as a reference (p. 492).
2. Spreadsheet problem 1: This is the demand curve for Q=14-2P.

Froeb et al.’s Chapter 14:

a. Individual problems: 14–1 Why might Mattel set a much lower contribution margin on its Barbie dolls than on the accessories for the dolls?
b. and 14–4. A manufacturer of microwaves has discovered that male shoppers have little value for micro-waves and attribute almost no extra value to an auto- defrost feature. Female shoppers generally value microwaves more than men and attribute greater value to the auto- defrost feature. There is little additional cost to incorporating an auto-defrost feature. Since men and women cannot be charged different prices for the same product, the manufacturer is considering introducing two dif-ferent models. The manufacturer has determined that men value a simple microwave at $ 70 and one with auto- defrost at $ 80 while women value a simple microwave at $ 80 and one with auto-defrost at $ 150. If there is an equal number of men and women, what pricing strategy will yield the greatest revenue? What if women compromise the bulk of microwave