Suppose the Victorian Consumer Authority finds out about Henni's little operation anddemands that she stops her discrimination immediately. What is the profit maximizingprice she will charge?

Henni runs a hip hairdressing business. Two types of customers come to see Henni -women and men. The demand for haircuts by men is given by QDM = 10 - P, while thedemand for haircuts by women is given by QDW = 102 - P. Assume that the marginal costof haircuts is constant at $2 and is the same for both women and men.a) If Henni operates as a monopolist in her neighborhood and can price discriminatebetween males and females. What profit maximizing price should she charge herfemale customers? What is the profit maximizing price she should charge her malecustomers? What is social welfare under Henni's discriminatory regime?

If a monopolist is able to increase the amount of product she sells from 400 to 420 units by lowering the price of that product from $50 to $45, her marginal revenue ismultiple choice$55.$−55.$1,100.$−1,100.

Suzanne is the monopoly seller of an illegal product in a particular city. Her marginal cost is $11 per unit and she has no other costs. She faces a demand curve of P = 121–q, and she charges a linear (or single) price to her clients. What is the profit-maximising price Suzanne charges?

Between what two prices does she have to charge to make a profit?

Scissors, a local hair salon, practices a known form of price discrimination by chargingstudents and senior citizens a discounted price of R80.00 for a haircut, while all other regularcustomers are charged R120.00 per cut. With the aid of a graphical illustration, identify thetype of price discrimination practiced and explain the firm’s pricing strategy to maximiseprofits.