n Eduland, there is only one university, EDU, which provides university education
online. There are no other universities. The demand for an online degree is given by P = $10, 200 −
20QD. Marginal revenue is given as M R = $10, 200 − 40QD.Providing an education to an additional
individual costs EDU $2000, and EDU has fixed costs of $3000.
2. How many degrees will EDU produce if there is no government regulation of the education
market?
◯ 410
◯ 0
◯ 205
◯ 40
◯ 10,200
3. If EDU produces the number of degrees you identified in question 2, how much profit will
EDU generate?
◯ $1,250,500
◯ 0
◯ $837,500
◯ -$3,000
◯ $10,200