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b. If Fernando is able to engage in perfect price discrimination, what is his total revenue for 3 pizzas? What is his marginal revenue from the third pizza?

b. If Fernando is able to engage in perfect price discrimination, what is his total revenue for 3 pizzas? What is his marginal revenue from the third pizza?

ENGR.ECONOMIC ANALYSIS
ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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5.14 Fernando has a monopoly on sales of pizzas in the small town of North Key Largo, Florida. Use the following information on the demand for Fernando's pizzas to answer the questions. Price Quantity Demanded $30 25 1 20 2 15 10 4 LO
Transcribed Image Text:5.14 Fernando has a monopoly on sales of pizzas in the small town of North Key Largo, Florida. Use the following information on the demand for Fernando's pizzas to answer the questions. Price Quantity Demanded $30 25 1 20 2 15 10 4 LO
b. If Fernando is able to engage in perfect price discrimination, what is his total revenue for 3 pizzas? What is his marginal revenue from the third pizza?
Transcribed Image Text:b. If Fernando is able to engage in perfect price discrimination, what is his total revenue for 3 pizzas? What is his marginal revenue from the third pizza?
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