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 Tutul Group 2

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 Tutul Group 2

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

I was able to do the table but I am not able to figure out or figure out the formula for figuring out (b)(c)(d)

55
55
48
42
37
33
29
$
T
5
6
7
8
9
10
$ 275.00S
S
$
288.00 $
294.00 $
$
296.00 $
$ 297.00 $
$ 290.00 $
25,00
13.00
6.00
2.00
1.00
3.00
55
55
48
42
37
33
29
2
3
4
5
6
7
d. What will be this monopolist's total economic profit?
288
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:
6 units will be produced at a price of $
Group 2:
6 units will be produced at a price of $
c. Based solely on these two prices, which market has the higher price elasticity of demand?
198
O The first market has the higher price elasticity of demand.
O The second market has the higher price elasticity of demand.
பப
110
144
168
185
198
203
334
47
34
24
17
13
5

nment Ch 11 12
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.
Price
$115
100
83
71
63
55
48
42
37
33
29
Group 1
Quantity
Demanded
0
1
2
3
4
5.
6
7
8
9
10
Total
Revenue
$ 115.00
$ 100.00
$ 166.00
$
$ 252.00 $
$ 275.00
288.00
294.00
296.00
297.00
290.00
LA LA LA LA LA
Marginal
Revenue
$
مام
$
LA LA LA LA LA
213.00 $
$
$
$
$
NANK
$
$
-.
100.00
66.00
47.00
39.00
25.00
13.00
6.00
2.00
1.00
3.00
Price
-
-
-
$71
63
55
48
42
37
33
29
Quantity
Demanded
-
-
W|N1|O
0
2
3
4
5
6
7
Group 2
Saved
288
Total
Revenue
T
-
$0
63
110
144
168
185
198
203
Marginal
Revenue
-
-
-
$63
47
34
24
17
13
5
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:
6 units will be produced at a price of $

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