Suppose that Jana's Financial Consulting Company is a perfectly price discriminating monopolist with the following cost and revenue information: 0 1 2 Quantity Total Cost Marginal Cost Price Total Revenue Marginal Revenue $100 $170 $140 $160 $184 $150 $230 $140 $280 $130 $335 $120 $395 $110 $475 $100 $575 $95 min 00 6 7
Suppose that Jana's Financial Consulting Company is a perfectly price discriminating monopolist with the following cost and revenue information: 0 1 2 Quantity Total Cost Marginal Cost Price Total Revenue Marginal Revenue $100 $170 $140 $160 $184 $150 $230 $140 $280 $130 $335 $120 $395 $110 $475 $100 $575 $95 min 00 6 7
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Suppose that Jana's Financial Consulting Company is a perfectly
Transcribed Image Text:Suppose that Jana's Financial Consulting Company is a perfectly price discriminating monopolist
with the following cost and revenue information:
Quantity
0
1
2
13456
6
7
8
7.
8.
9.
10.
Total Cost Marginal Cost
$100
$140
$184
$230
a.
b.
C.
d.
Given the table above, what is Jana's total revenue when she has 3 clients?
$140
$420
$450
$620
a.
b.
C.
d.
Given the table above, what is Jana's total revenue when she has 7 clients?
$650
$700
$910
$1,080
a.
b.
$280
$335
$395
$475
$575
C.
d.
Given the table above, what is Jana's average revenue when she has 5 clients?
$90
$100
$120
$140
Price
$170
$160
$150
$140
$130
$120
$110
$100
$95
a.
b.
Total Revenue Marginal Revenue
C.
d.
Given the table above, what is Jana's profit at her profit-maximizing number of
clients?
$325
$435
$565
$1,000
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