Show work. I need typed solution 2. If Jack could perfectly price discriminate, whatis total profit at the profit-maximizing quantity?(Answer is not 475)a.b.C.d.e.f.g.h.i.j.k.I.$150$220$267$300$320$365$393$417$435$587$660$810 Quantity012345678a.b.C.d.e.f.g.i.j.$0$30I.$60$100$150h. $320$210$280The above table shows the demand and costinformation relating to Jack's Shoe Store. Jackowns the only shoe store in town.$4171. What is consumer surplus at the profit-maximizing quantity? (Answer is not 180)$587k. $660Price ($)170$81016015014013012011010090Total Cost ($)100140184230280335393475565

Consumer Surplus refers to the difference between the price that the consumer pays for a good or a…

Quantity Price ($) O 1 2 3 4 5 6 7 8 a. b. d. C. $60 e. f. g. $0 h. $30 $100 $150 $210 $280 $320 i. $417 j. $587 170 The above table shows the demand and cost information relating to Jack's Shoe Store. Jack owns the only shoe store in town. k. $660 160 1. What is consumer surplus at the profit- maximizing quantity? (Answer is not 180) 1. $810 150 140 130 120 110 100 90 Total Cost ($) 100 140 184 230 280 335 393 475 565

Quantity Price ($) O 1 2 3 4 5 6 7 8 a. b. d. C. $60 e. f. g. $0 h. $30 $100 $150 $210 $280 $320 i. $417 j. $587 170 The above table shows the demand and cost information relating to Jack's Shoe Store. Jack owns the only shoe store in town. k. $660 160 1. What is consumer surplus at the profit- maximizing quantity? (Answer is not 180) 1. $810 150 140 130 120 110 100 90 Total Cost ($) 100 140 184 230 280 335 393 475 565

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

Show work. I need typed solution

2. If Jack could perfectly price discriminate, what
is total profit at the profit-maximizing quantity?
(Answer is not 475)
a.
b.
C.
d.
e.
f.
g.
h.
i.
j.
k.
I.
$150
$220
$267
$300
$320
$365
$393
$417
$435
$587
$660
$810

Quantity
0
1
2
3
4
5
6
7
8
a.
b.
C.
d.
e.
f.
g.
i.
j.
$0
$30
I.
$60
$100
$150
h. $320
$210
$280
The above table shows the demand and cost
information relating to Jack's Shoe Store. Jack
owns the only shoe store in town.
$417
1. What is consumer surplus at the profit-
maximizing quantity? (Answer is not 180)
$587
k. $660
Price ($)
170
$810
160
150
140
130
120
110
100
90
Total Cost ($)
100
140
184
230
280
335
393
475
565

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