Question Completion Status:360 370QuantityProduced012QUESTION 53445D5 60380 390 400 410 420516 C78b. $565c. $1000d. $435Total Cost$100$140$184$230$280$335$395$475$5758CTable 15-21Tommy's Tie Company, a monopolist, has the following cost and revenue information. Assume that Tommy's is able to engage in perfect price discrimination.COSTSREVENUESMarginalCost01234590440QuantityDemanded6710 110845046 47 48 49 50120 130 140 150 160 170 180 190Price$170$160$150$140$130$120$110$100$9520TotalMarginalRevenue Revenue210226Refer to Table 15-21. If the monopolist can engage in perfect price discrimination, what is total profit at the profit-maximizing quantity?a. $32526

Perfect PD is a way of charging different prices from the buyers according to their paying ability.…

Table 15-21 Tommy's Tie Company, a monopolist, has the following cost and revent COSTS REVENUES Quantity Produced 0 1 2 B Total Cost $100 $140 $184 $230 $280 $335 $395 $475 $575 Marginal Cost Quantity Demanded 0 1 2 3 5 6 7 8 Price $170 $160 $150 $140 $130 $120 $110 $100 $95 fer to Table 15-21. If the monopolist can engage in perfect price a a. $325 b. $565 c. $1000 $435

Table 15-21 Tommy's Tie Company, a monopolist, has the following cost and revent COSTS REVENUES Quantity Produced 0 1 2 B Total Cost $100 $140 $184 $230 $280 $335 $395 $475 $575 Marginal Cost Quantity Demanded 0 1 2 3 5 6 7 8 Price $170 $160 $150 $140 $130 $120 $110 $100 $95 fer to Table 15-21. If the monopolist can engage in perfect price a a. $325 b. $565 c. $1000 $435

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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3 4 5 6 The profit maximizing monopolist would choose to produce 30 28 26 24 32 Price 38 36 34 + V Output 36 32 28 24 Marginal Revenue 20 16 12 26 27 28 29 30 31 32 33 Marginal Cost units of output
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