Please help please answer fast ASAP In the table below are cost and demanddata for a monopolist. Show all calculations.QuantitydemandedPriceMarginal Average Marginalcostrevenuecost$105.00196.00$96.00$144.00 $144.00287.0078.0090.0036.00378.0060.0070.3430.00469.0042.0063.0042.00560.0024.0060.0048.006.51.006.0058.5051.00742.00-12.0057.8654.00833.00-30.0057.5055.509.24.00-48.0057.3356.00(a) The public transportation company in acity charges senior citizens & students $100for a monthly pass. Everyone else pays$140 for a monthly pass. What conditionsmust exist to make this possible? From aneconomic perspective, why would thecompany do this? Explain.

A Subsidy is defined as payment individuals or firms, usually in the form of cash payment, from the…

(a) The public transportation company in a city charges senior citizens & students $100 for a monthly pass. Everyone else pays $140 for a monthly pass. What conditions must exist to make this possible? From an economic perspective, why would the company do this? Explain.

(a) The public transportation company in a city charges senior citizens & students $100 for a monthly pass. Everyone else pays $140 for a monthly pass. What conditions must exist to make this possible? From an economic perspective, why would the company do this? Explain.

ENGR.ECONOMIC ANALYSIS

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ISBN:9780190931919

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Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

Please help please answer fast ASAP

In the table below are cost and demand
data for a monopolist. Show all calculations.
Quantity
demanded
Price
Marginal Average Marginal
cost
revenue
cost
$105.00
1
96.00
$96.00
$144.00 $144.00
2
87.00
78.00
90.00
36.00
3
78.00
60.00
70.34
30.00
4
69.00
42.00
63.00
42.00
5
60.00
24.00
60.00
48.00
6.
51.00
6.00
58.50
51.00
7
42.00
-12.00
57.86
54.00
8
33.00
-30.00
57.50
55.50
9.
24.00
-48.00
57.33
56.00
(a) The public transportation company in a
city charges senior citizens & students $100
for a monthly pass. Everyone else pays
$140 for a monthly pass. What conditions
must exist to make this possible? From an
economic perspective, why would the
company do this? Explain.

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