Reference: Ref 14-6 (Table: Willingness to Pay) Refer to the table. Assume the firm has zero costs. If the firm were to set individual prices for each of the two goods, how much total profit does it earn from Good B?
A) $70
B) $30
C) $100
D) $120

Question

Reference: Ref 14-6 (Table: Willingness to Pay) Refer to the table. Assume the firm has zero costs. If the firm were to set individual prices for each of the two goods, how much total profit does it earn from Good B?
A) $70 
B) $30 
C) $100 
D) $120

Quizplus · Accepted Answer

The Answer of  Reference: Ref 14-6 (Table: Willingness to Pay) Refer to the table. Assume the firm has zero costs. If the firm were to set individual prices for each of the two goods, how much total profit does it earn from Good B?
A) $70 
B) $30 
C) $100 
D) $120

Reference: Ref 14-6 (Table: Willingness to Pay) Refer to the Table