Price and quantity each period
0 WTP0 = 600 – 2Q0 300
1 WTP1 = 1200 – 2Q1 300
(a) The table is shown below:
Pd R MEC P Q
Pd R MEC P Q
0 10 300 310 145
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0 WTP0 = 600 – 2Q0 300
1 WTP1 = 1200 – 2Q1 300
(a) The table is shown below:
Pd R MEC P Q
Pd R MEC P Q
0 10 300 310 145