Assume that there are two consumer of a good X. Mr. A has a utility function u (x)10xx2,whileMrs.Bhasautilityfunction u (x)10x2x2 . AB Farmer F, the monopoly producer of good X, cannot distinguish between Mr. A and Mrs. B. However, he can sell different sized bundles, and charge different prices for them. a. What are the utility-ma

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A: Since (b) is incomplete, we shall only answer (a). Please resubmit the other part correctly in case…

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A: 1. P=80-5q TC=25q MC=25

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A: Answer;

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