The following figure depicts the downward-sloping market demand (D) curve for a five-day western Caribbean cruise on Carnival Cruise Lines.The price (P) is per person in U.S.dollars,and the quantity (Q) is the number of passenger tickets sold.This figure also shows the company's relevant marginal revenue (MR) curve and marginal cost (MC) curve.Use this figure to answer the following questions:
-If this cruise line is a monopoly that charges a single price of $600 per passenger,what is the amount of consumer surplus?
Definitions:
Women's Shelter
A safe haven offering temporary accommodation and support services for women escaping domestic violence or in crisis.
Severely Beaten
The state of having sustained significant physical injury as a result of violent blows or strikes.
Limited Financial Resources
A situation where there is an insufficient amount of money available to meet basic needs or to invest in desired activities or items.
Risk for Family Violence
The likelihood or potential for occurrences of aggressive or abusive behavior within a family unit.
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