Note:-Do not provide handwritten solution. Maintain accuracy and quality in your answer. Take care of plagiarism.Answer completely.You will get up vote for sure. Based on the following graph (which summarizes the demand, marginal revenue, and relevant costs for your product), determine yourfirm's optimal price, output, and the resulting profits for each of the following scenarios:Price110100908070605040302010MC = ACMRD01 2 3 4 5 6 7 8 9 10 11 12 13 14 15Quantitya. You charge the same unit price to all consumers. a. You charge the same unit price to all consumers.Price: $Output:Profits: $unitsb. You engage in first-degree price discrimination.Price and output:Charge the maximum price on the demand curve starting at $100 down to $40 for each infinitesimal unit up to 6 units.Charge the maximum price on the demand curve starting at $100 down to $60 for each infinitesimal unit up to 4 units.Charge the maximum price on the demand curve starting at $100 down to $20 for each infinitesimal unit up to 8 units.O Charge the maximum price on the demand curve starting at $100 down to $80 for each infinitesimal unit up to 2 units.Profits: $c. You engage in two-part pricing.Fixed fee: $

A single seller in the market for goods is called a monopoly market. The marginal revenue is the…

Based on the following graph (which summarizes the demand, marginal revenue, and relevant costs for your product), determine your firm's optimal price, output, and the resulting profits for each of the following scenarios: Price 110 100 90 80 70 60 50 40 30 20 10 MC = AC Quantity MR 0 1 2 3 4 5 6 7 8 9 101112131415 D a. You charge the same unit price to all consumers.

Based on the following graph (which summarizes the demand, marginal revenue, and relevant costs for your product), determine your firm's optimal price, output, and the resulting profits for each of the following scenarios: Price 110 100 90 80 70 60 50 40 30 20 10 MC = AC Quantity MR 0 1 2 3 4 5 6 7 8 9 101112131415 D a. You charge the same unit price to all consumers.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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