marginal cost of providing a meal is constant at $3. 14- 13 Given the above information: 12 1) Use the line drawing tool to draw the demand line. Properly label this 11- ine. 10- 2) Use the line drawing tool to draw the corresponding marginal revenue line. Properly label this line. 3) Use the line drawing tool to draw the marginal cost. Properly label this line. 4) Use the point drawing tool to identify the profit-maximizing price and quantity. Label this point 'a'. 4- 3- Note: if you aren't prompted for labels, then you are using the wrong tool. 2- 1. The profit-maximizing quantity is and the profit-maximizing price is 20 80 100 S(Enter your responses as integers.) Number of meals served Price per meal

marginal cost of providing a meal is constant at $3. 14- 13 Given the above information: 12 1) Use the line drawing tool to draw the demand line. Properly label this 11- ine. 10- 2) Use the line drawing tool to draw the corresponding marginal revenue line. Properly label this line. 3) Use the line drawing tool to draw the marginal cost. Properly label this line. 4) Use the point drawing tool to identify the profit-maximizing price and quantity. Label this point 'a'. 4- 3- Note: if you aren't prompted for labels, then you are using the wrong tool. 2- 1. The profit-maximizing quantity is and the profit-maximizing price is 20 80 100 S(Enter your responses as integers.) Number of meals served Price per meal

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Suppose that you are the marketing manager of Citruscity, the only producer of grapefruits in the imaginary economy of Blockburg. As a monopolist, Citruscity's objective is to maximize its profit, so it is up to you devise a way to increase profits through price discrimination. As a former economics student, you know that many firms successfully practice price discrimination by separating their market into two identifiable types of consumers-what economists call third-degree price discrimination. Examples of this include student discounts, senior citizen discounts, and ladies' night discounts. After doing some research, you conclude that the demand for grapefruits varies greatly between consumers who clip coupons and those who do not. The following graphs show the overall dailly demand and marginal revenue (MR) for a pound of grapefruits for each group of consumers and the marginal cost (MC) for producing a pound of grapefruits. Assume that fixed costs are equal to zero. Note: You will…
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Which of the following is the objective? O Demand for electronic smoke detectors (20,000) O Unit retail price ($29.50 and $28.00 for electronic and battery-operated smoke detectors, respectively) O In-house production quantity of electronic smoke alarms O Smoke alarm capacity of subcontractor (20,000) O Acme cannot produce or purchase more alarms than the demand O Demand for battery-operated smoke detectors (10,000) Profits O In-house production quantity of battery-operated smoke detectors O Production hours required per unit of the battery-operated smoke detectors (0.10, 0.20, and 0.15 for Fabrication, Assembly, and Shipping, respectively) O Monthly Hours Available for Fabrication, Assembly, and Shipping (2000, 4200, and 2500, respectively) O Quantity of electronic smoke alarms to purchase from the subcontractor
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i need solution of this question topic revelent cost.. please urgently i need help i also attach question 1 .for reference