Quantity ofTotalProductOutputCostPrice0$250$30012602502290200335015044801005070050If the profit-maximizing pure monopolistwhose information is in the accompanyingtable is able to price discriminate, chargingeach customer the price associated witheach given level of output, how much profitwill the firm earn?

Step 1: Answer: To find out how much profit the monopolist will earn when practicing price…

Answered: Quantity of Total Product Output Cost…

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Similar questions

If the monopolist shown in the following figure could implement a two- part tariff, the entry fee would be: $0. $225. $450. $900. $1,200.
Which price and quantity combination is undesirable for both the monopolist firm and society? A and E B and F C and G D and H A and H
Give typing answer with explanation and conclusion A monopolist has a demand curve given by P = 88 − Q and a total cost curve given by TC = 34 + Q2. The associated marginal cost curve is MC = 2Q. Suppose the monopolist also has access to a foreign market in which he can sell whatever quantity he chooses at a constant price of 60. How much will he sell in the foreign market? What will his new quantity and price be in the original market?
explain why a monopoly would want to price discriminate explain the (potential) effects of price discrimination on market efficiency.
When Pfizer registers its latest drug patent application, it will have created a monopoly for that product by restricting ____ a)entry into the market. b)amount of product advertising. c)the number of product compliments. d)demand for the product.
The table below shows the marginal revenue and costs for a monopolist. Demand, Costs, and Revenues Price (dollars) Quantity Demanded $85 79 73 67 61 55 50 150 250 350 450 550 Marginal Revenue (dollars) $85 76 64 1. 250; -$3,625 2. 250; $3,625 3. 350; -$3,625 4. 350; $4625 52 40 28 Marginal Cost (dollars) $25 85 64 61 67 77 Average Total Cost (dol $139.00 103.30 87.50 80.00 77.00 77.00 The monopolist's profit-maximizing level of output is...................its and the monopolist's profit at the profit maximizing output is....
True/ False There is a price discrimination in the monopoly market.
Name three places you frequent that use price discrimination and explain the discrimination used.
A monopolist serves a market with five potential buyers, each of whom would buy at most one piece of the monopolist's good. Anna would be willing to pay up to £80 for it, Bob up to £90, Chloe up to £100, Dave up to £110 and Elizabeth up to £120. The monopolist's variable cost function is given in below table. Quantity Variable Costs 1 3. 4. 40 90 150 220 300 Price Marg. Revenue a) Indicate in the table which price the monopolist would want to charge for each given quantity. b) Find the marginal revenue for each quantity. c) Find the monopolist's profit maximising price under the assumption that he wants to produce anything at all. d) How large can the monopolist's fixed costs be such that he still wants to start producing at 1. D Focus 9°C Sun
The demand curve for a monopolist is inelastic. Why?
100.00 90.00 80.00 70.00 60.00 50.00 40.00 30.00 20.00 10.00 $40 $20 $100 0 $60 2 4 MR Suppose that Vanessa who owns a Zumba fitness center in rural Indiana can identify her customers' demand. How much would she charge in order to achieve 1st degree (=perfect) price discrimination? MC ATC D 6 8 10 Quantity (clients per day)
Table 15-6 A monopolist faces the following demand curve: Quantity Price 1 $15 2 $12 3 $9 4 $6 5 $3 30. Refer to Table 15-6. What is the marginal revenue from the sale of the 3rd unit? -$3 $3 $9 $24

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