Tommy's Tie Company, a monopolist, has the following cost and revenue information. Assume that Tommy's is able to engage in perfect price discrimination. COSTS Quantity Total Cost Marginal Quantity Price REVENUES Total Marginal Produced Cost Demanded Revenue Revenue 0 $100 -- 0 $170 1 $140 1 $160 2 $184 2 $150 3 $230 3 $140 4 $280 4 $130 5 $335 5 $120 6 $395 6 $110 7 $475 7 $100 8 $575 8 $95 Refer to Table 15-18. If the monopolist can engage in perfect price discrimination, what is the marginal revenue from selling the 8th tie?
Tommy's Tie Company, a monopolist, has the following cost and revenue information. Assume that Tommy's is able to engage in perfect price discrimination. COSTS Quantity Total Cost Marginal Quantity Price REVENUES Total Marginal Produced Cost Demanded Revenue Revenue 0 $100 -- 0 $170 1 $140 1 $160 2 $184 2 $150 3 $230 3 $140 4 $280 4 $130 5 $335 5 $120 6 $395 6 $110 7 $475 7 $100 8 $575 8 $95 Refer to Table 15-18. If the monopolist can engage in perfect price discrimination, what is the marginal revenue from selling the 8th tie?
Chapter13: Monopoly And Antitrust
Section: Chapter Questions
Problem 6P
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