The government of a small developing country has granted exclusive rights to Linden Enterprises for the production of plastic syringes. The table below shows the cost and demand data for this government-protected monopolist. Quantity per Day Price per Case (cases) 1 $16 15 14 13 2 3 4 Total Cost $7.00 9.50 11.00 12.00 14.50

Q: The table above shows revenue and cost information at four different Output (Q) levels for a…

A: Total revenue when output is 60 = 900 Total revenue when output is 80 = 800

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A: Solution is given Below

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A:

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Price Discrimination

Price discrimination or differential pricing is based on the principle that the seller will charge the buyer a price based on the buyer’s ability and willingness to pay for the product rather than applying uniform pricing for all.