Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

1. Assuming the markets cannot be separated (and thus the same price must be charged to both regions), what is the marginal revenue for the

image text in transcribed
1. Assuming the markets cannot be separated (and thus the same price must be charged to both regions), what is the marginal revenue for the quantities that you can determine? What price should be charged to maximize profit? US- Marginal Price QTY Foreign-QTY SUM Revenue $ 60.00 1000 200 1200 44.09 $ 55.00 1500 250 1750 42.39 $ 50.00 2500 400 2900 36.47 $ 45.00 4000 600 4600 34.77 $ 40.00 8000 1000 9000 28.57 1400 $ 35.00 0 2000 16000 19.33 2000 $ 30.00 0 3500 23500 16.30 3000 $ 25.00 0 7000 37000 10.26 4000 $ 20.00 0 16000 56000 6.76 5500 $ 15.00 0 35000 90000 1.00 6500 $ 10.00 0 75000 140000 -3.05 7700 $ 5.00 0 150000 227000

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Principles of Economics

Authors: Robert Frank, Ben Bernanke

5th edition

73511404, 978-0073511405

Students also viewed these Accounting questions