do fast. Use the following graph to answer the next 3 questions.The following graph shows the demand and marginal revenue in two markets(1 and 2) for a price-discriminating firm, along with its total marginal revenueand marginal cost.Price and cost (dollars)5050404030202010$D1MR 1MR 2MCD222MR total050100150200250300350400450500QuantityQuestion 43Using the above graph, what amount of total amount should the firmproduce?a) 100 unitsb) 175 unitsc) 225 unitsd) 275 unitse) 350 unitsQuestion 44How should the firm allocate that sales output between the two mar-kets?a) 112.5 units in each marketb) 100 units in market 1; 175 units in market 2c) 150 units in market 1; 300 units in market 2d) 75 units in market 1; 150 units in market 2e) None of the above.Question 45What price should the firm charge within each market?a) P₁ = $20; P₂ = $32.50b) P₁ = $35; P₂ = $22.50c) P₁ = $20; P2 = $20d) P₁ = $27.50; P₂ = $35e) None of the above.

Without the actual graph, it's impossible to provide a specific answer. However, the general…

Answered: Use the following graph to answer the…

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

See similar textbooks

Similar questions

ASAP
Economics Over the past decade, holiday gift cards have become increasingly popular at online retailers. Not long ago, online shoppers had to really hunt at most e-retailer' sites to purchase a gift card, but today it is easier to purchase gift cards online than at traditional retail outlets. Provide a comprehensive initial post answering the following questions: Do you think online gift cards are merely a fad? Explain carefully.
qD = 100 – 0.5p, qS = 2p – 20 Following a 25% price increase, should the sellers in this market expect an increase in revenue? Why or why not?
Term used to describe demand that can be accuratelycalculated to meet the need of a production schedule,for example.
It's the year 2023 and you are the manager at a local brew pub here in Fayetteville. You are one of many local breweries in town; therefore, your customers have many options of where to spend their beer money. You want to increase revenue and decide to raise the price of a pint of your craft beer. The table below shows the sales of beer from week 1 and sales in week 2 after you raised price. Table 1. Sales Data for Weeks 1 and 2 Week Week 1 Week 2 Price ($ per pint) $6.00 $8.00 Sales (Pints) 2,500 1,100 Using the information in the above table, what was the change in total revenue from week 1 to week 2 when you changed your price? (enter your answer without a dollar sign and indicate a decrease in revenue, if applicable, by including a negative (-) sign)
Retail life cycle refers to Multiple Choice the distinct stages a product goes through before it becomes obsolete. the process of growth and decline that retail outlets, like products, experience. the cycle of a customer's buying behavior from awareness of a product to its ultimate purchase. the relationship between the tangible aspects of a product and the types of services that need to accompany it. the traditional management changes that take place as a retail outlet grows.
The answer displated chopped and cut, but i think i gathered it. Follow up questions Determine the revenue at a price of $25 Which price will yield a higher revenue? $28 or $40?
Daffy’s is a pet care company that recently increased the average price of its services by 5%. As a result, the number of customers dropped by 4%. How will this 5% increase of the average price of services impact total revenue at Daffy’s?
explain how a decrease in the real income of consumers would affect the market for luxury wallets sold by Saks Fifth Avenue.
A search good is a product that: a) is not yet available, but consumer desires for it are known. b) can easily be evaluated before purchase. c) is difficult to locate, so it takes time to find it. d) is produced with rare or hard-to-find inputs.
How do apple growers react to the news of medical research findings that suggest that eating apples leads to greater health benefits than were previously known? They increase the supply of apples. They increase the quantity of apples supplied. They decrease the supply of apples. They decrease the quantity of apples supplied.
Fill in the blank by typing 'increase', 'decrease', 'no change', or 'uncertain'. To receive credit, make sure to type the words in exactly as I have above. Do not include the apostrophes ('). As winter turns to spring, the weather begins to get warmer. Therefore, the equilibrium price for heavy sweaters will and the equilibrium quantity will

SEE MORE QUESTIONS

Recommended textbooks for you

ENGR.ECONOMIC ANALYSIS

Economics

ISBN:

9780190931919

Author:

NEWNAN

Publisher:

Oxford University Press

Principles of Economics (12th Edition)

Economics

ISBN:

9780134078779

Author:

Karl E. Case, Ray C. Fair, Sharon E. Oster

Publisher:

PEARSON

Engineering Economy (17th Edition)

Economics

ISBN:

9780134870069

Author:

William G. Sullivan, Elin M. Wicks, C. Patrick Koelling

Publisher:

PEARSON

ENGR.ECONOMIC ANALYSIS

Economics

ISBN:

9780190931919

Author:

NEWNAN

Publisher:

Oxford University Press

Principles of Economics (12th Edition)

Economics

ISBN:

9780134078779

Author:

Karl E. Case, Ray C. Fair, Sharon E. Oster

Publisher:

PEARSON

Engineering Economy (17th Edition)

Economics

ISBN:

9780134870069

Author:

William G. Sullivan, Elin M. Wicks, C. Patrick Koelling

Publisher:

PEARSON

Principles of Economics (MindTap Course List)

Economics

ISBN:

9781305585126

Author:

N. Gregory Mankiw

Publisher:

Cengage Learning

Managerial Economics: A Problem Solving Approach

Economics

ISBN:

9781337106665

Author:

Luke M. Froeb, Brian T. McCann, Michael R. Ward, Mike Shor

Publisher:

Cengage Learning

Managerial Economics & Business Strategy (Mcgraw-…

Economics

ISBN:

9781259290619

Author:

Michael Baye, Jeff Prince

Publisher:

McGraw-Hill Education

SEE MORE TEXTBOOKS