Using the following graph that presents the demand, marginal revenue, and relevant costs for your product, determine your firm’s optimal price, output, and the resulting profits for each of the following scenarios:   a.You charge the same unit price to all consumers. b. You engage in perfect price discrimination. c. You engage in two-part pricing Just for each scenario calculate from the graph  i) optimal prize ii) optimal quantity iii) Profit

ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
Section: Chapter Questions
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Using the following graph that presents the demand, marginal
revenue, and relevant costs for your product, determine your firm’s optimal price,
output, and the resulting profits for each of the following scenarios:
 
a.You charge the same unit price to all consumers.
b. You engage in perfect price discrimination.
c. You engage in two-part pricing


Just for each scenario calculate from the graph 
i) optimal prize
ii) optimal quantity
iii) Profit
Price (P)
100
110
。៩៩៩៦ ៖ ខ ៦ ៖ ៖ ៩៩
40
70
60
90
80
Demand
MC
MR
0 1 2 3 4 5 6 7 8 9 10 11
Quantity (Q)
Transcribed Image Text:Price (P) 100 110 。៩៩៩៦ ៖ ខ ៦ ៖ ៖ ៩៩ 40 70 60 90 80 Demand MC MR 0 1 2 3 4 5 6 7 8 9 10 11 Quantity (Q)
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