Suppose that a price discriminating monopolist has segregated its market into tw

Question

Suppose that a price discriminating monopolist has segregated its market into two groups of buyers shown in the table below. Calculate the missing total-revenue and marginal-revenue amounts for Group 1.

Instructions: Enter only whole numbers in the table below. If you are entering a negative numbers be sure to include a negative sign (-) in front of that numbers.

Group 1
Price Quantity Demanded Total Revenue Marginal Revenue
$115 0 0
100 1 100 100
83 2 166 66
71 3 214 47
63 4 252 29
55 5 275 23
48 6 288 13
42 7 294 6
37 8 296 2
33 9 287 1
29 10 290 -7

Group 2
Prce QD TR MR
- - - -
- - - -
- - - -
$71 0 $0 -
63 1 63 $63
55 2 110 47
48 3 144 34
42 4 168 24
37 5 185 17
33 6 198 13
29 7 203 5

Assume that MC is $13 in both markets and MC = ATC at all output levels. What price will the firm charge in each market?

Group 1: units at a price of $

Group 2: units at a price of $

Based solely on these two prices, which market has the higher price elasticity of demand?



What will be this monopolist's total economic profit?

$

Explanation / Answer

I would love to answer but your table is so confusing

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