Suppose that a price-discriminating monopolist has segregated its market into two groups of buyers, as shown by the following tables.a. Calculate the missing TR and MR amounts for Group 1.Instructions: Enter your answers rounded to two decimal places. If you are entering any negative numbers be sure to include anegative sign (-) in front of those numbers.Group 1Group 2TotalMarginalRevenueQuantityTotalQuantityDemandedMarginalRevenuePricePriceRevenueDemandedRevenue$115100183713$71$ 063463163$635555211047486.4814434427424168243783718517339.336.198132910297203 Instructions: Enter your answers as a whole number.b. Assume that MC is $13 in both markets and MC = ATC at all output levels. What price will the firm charge in each market?Group 1:units will be produced at a price of $Group 2:units will be produced at a price of $c. Based solely on these two prices, which market has the higher price elasticity of demand?The first market has the higher price elasticity of demand.The second market has the higher price elasticity of demand.d. What will be this monopolist's total economic profit?%24

Given, Quantity & price we have to find Total revenue and Marginal revenue Total revenue =…

Suppose that a price-discriminating monopolist has segregated its market into two groups of buyers, as shown by the following tables. a. Calculate the missing TR and MR amounts for Group 1. Instructions: Enter your answers rounded to two decimal places. If you are entering any negative numbers be sure to include a negative sign (-) in front of those numbers. Group 1 Group 2 Quantity Demanded Total Marginal Quantity Demanded Marginal Revenue Total Price Price Revenue Revenue Revenue $115 100 1 - 83 2 71 3 $71 $ 0 63 63 1 63 $63 55 55 2 110 47 48 6 48 3 144 34 42 7 42 168 24 37 8 37 5 185 17 33 9. 33 198 13 29 10 29 7 203

Suppose that a price-discriminating monopolist has segregated its market into two groups of buyers, as shown by the following tables. a. Calculate the missing TR and MR amounts for Group 1. Instructions: Enter your answers rounded to two decimal places. If you are entering any negative numbers be sure to include a negative sign (-) in front of those numbers. Group 1 Group 2 Quantity Demanded Total Marginal Quantity Demanded Marginal Revenue Total Price Price Revenue Revenue Revenue $115 100 1 - 83 2 71 3 $71 $ 0 63 63 1 63 $63 55 55 2 110 47 48 6 48 3 144 34 42 7 42 168 24 37 8 37 5 185 17 33 9. 33 198 13 29 10 29 7 203

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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DONT GIVE ANSWER IN IMAGE FORMAT
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