The Graphs Represent the Demand for Use of a Local

question 217

Multiple Choice

The graphs represent the demand for use of a local golf course for which there is no significant competition. (It has a local monopoly.) P denotes the price of a round of golf, and Q is the quantity of rounds "sold" each day. If the left graph represents the demand during weekdays and the right graph the weekend demand, this profit-maximizing golf course should

• A)charge $9 for each round, regardless of the day of the week.
• B)charge $7 for each round, regardless of the day of the week.
• C)charge $7 for each round on weekdays and $10 during the weekend.
• D)charge $9 for each round on weekdays and $10 during the weekend.