Use the following table to answer questions 6 and 7 $800 700 600 500 400 0 6. If
ID: 1111686 • Letter: U
Question
Use the following table to answer questions 6 and 7 $800 700 600 500 400 0 6. If a firm that is able to price discriminate produces and sells 3 units, it will revenue equal to: a. $300. b. $500. c. $1,500. d $1 800. 7. If a firm that is not able to price discriminate produces and sells 3 units, it will receive total revenue equal to: a. $300 c. $1,500. d. $1.800. b. $500. Use the following table to answer questions 8 through 10. Price per unit $50 40 30 20 10 Quantity Demanded 2 8. For a monopolist that is able to price discriminate, selling 4 units brings in total revenue of for a monopolist that is unable to price discriminate, selling 4 units brings in total revenue of . a. $40; $40 b. $100; $100 c. $40; $100 d. $100; $40 For a monopolist that is unable to price discriminate, the marginal revenue of the 3nd unit is and the marginal revenue of the 4h unit is a. $0; $20 b. $20; $10 9. c. $20; $0 d. $0; -$20 10. For a monopolist that is able to price discriminate, the marginal revenue of the 3rd unit is and the marginal revenue of the 4h unit is a. $0:-$20 b. $20; $10 c. $20; so d. $30; $20 Chapter 12 AssignmentsExplanation / Answer
Ans:
6) Option D - $1800
If the company is able to price discriminate it will sell first unit at $700 and second unit at $600 and third unit at $500. Total tevenue = $700 + $600 + $500
= $1800
7) Option C - $1500
If the company is not able to price discriminate it will sell at $500 per unit.
Total reveue = $500 * 3
= $1500
8) Option D
$100,$40
In case of price discrimination = $40 + $30 + $20 + $10
= $100
Unable to price discriminate = $10 * 4
= $40
9)
$10 , $10
Marginal revenue is change the in total revenue divided by the change in the quantity of output.
10) Option C
$20,$10
3rd unit = $20
4th unit = $10
Related Questions
drjack9650@gmail.com
Navigate
Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.