-Bob Is the Only Carpet Installer in a Small Isolated

question 18

Multiple Choice

-Bob is the only carpet installer in a small isolated town.The above figure shows the demand curves of two distinct groups of customers-residential and business.If the marginal cost of installing carpet is a constant $1 per sq yard,what price does Bob charge each segment?

• A) $1 in each market
• B) $5.50 in the residential market and $8 in the business market
• C) $1 in the residential market and $5 in the business market
• D) $10 in the residential market and $15 in the business market

---

Definitions:

Continuous Wave

A form of radiation or signal that maintains a constant amplitude and frequency over time.

NMR Data

Information obtained from nuclear magnetic resonance spectroscopy, used to determine the purity and structure of compounds.

Singlet

An atomic or molecular state where all electron spins are paired, often referring to a state with lower energy in the context of spectroscopy.

Ppm

Stands for "parts per million," a unit of concentration often used in chemistry and environmental science to describe small amounts of a substance in a larger matrix.