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COSTS REVENUES Quantity Total Cost Marginal Quantity Price Total Marginal Produced Cost Demanded Revenue Revenue $100 $170 1 $140 1 $160 2 $184 2 $150 3 $230 3 $140 4 $280 4 $130 5 $335 $120 $395 6. $110 7 $475 $100 8. $575 8 $95 6,

COSTS REVENUES Quantity Total Cost Marginal Quantity Price Total Marginal Produced Cost Demanded Revenue Revenue $100 $170 1 $140 1 $160 2 $184 2 $150 3 $230 3 $140 4 $280 4 $130 5 $335 $120 $395 6. $110 7 $475 $100 8. $575 8 $95 6,

Practical Management Science
Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter2: Introduction To Spreadsheet Modeling
Section: Chapter Questions
Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...
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Table 15-21 Tommy's Tie Company, a monopolist, has the following cost and revenue information. Assume that Tommy's is able to engage in perfect price discrimination. COSTS REVENUES Quantity Total Cost Marginal Quantity Price Total Marginal Produced Cost Demanded Revenue Revenue $100 $170 1 $140 1 $160 $184 2 $150 $230 3 $140 4 $280 4 $130 $335 5 $120 6 $395 6 $110 7 $475 7 $100 $575 8. $95
Transcribed Image Text:Table 15-21 Tommy's Tie Company, a monopolist, has the following cost and revenue information. Assume that Tommy's is able to engage in perfect price discrimination. COSTS REVENUES Quantity Total Cost Marginal Quantity Price Total Marginal Produced Cost Demanded Revenue Revenue $100 $170 1 $140 1 $160 $184 2 $150 $230 3 $140 4 $280 4 $130 $335 5 $120 6 $395 6 $110 7 $475 7 $100 $575 8. $95
Refer to Table 15-21. If the monopolist can engage in perfect price discrimination, what is the average revenue when 7 ties are sold? a. $90 O b. $100 O c. $110 O d. $130
Transcribed Image Text:Refer to Table 15-21. If the monopolist can engage in perfect price discrimination, what is the average revenue when 7 ties are sold? a. $90 O b. $100 O c. $110 O d. $130
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