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 Total Total Quantity Demanded Marginal Revenue Quantity Demanded Marginal Revenue Price Price Revenue Revenue $115 100 1 83 2 - 71 3 $71 $0 | 63 4 63 63 $63 55 5 55 2 110 47 48 48 3 144 34 42 7 42 4 168 24 37 8 37 5 185 17 33 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 Total Total Quantity Demanded Marginal Revenue Quantity Demanded Marginal Revenue Price Price Revenue Revenue $115 100 1 83 2 - 71 3 $71 $0 | 63 4 63 63 $63 55 5 55 2 110 47 48 48 3 144 34 42 7 42 4 168 24 37 8 37 5 185 17 33 33 198 13 29 10 29 7 203

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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