13) Jeans

Suppose you produce Jeans and an individual walks into your store. The table below gives this individual's demand for your jeans, as well as your total costs of production. Filling in the rest of the cells of the table will be really helpful in answering the next 2 questions.

Price	Quantity	Total Revenue	Total Cost	Marginal Revenue	Marginal Cost
$20	1		$8
$18	2		$16
$16	3		$24
$14	4		$32
$12	5		$40
$10	6		$48
$8	7		$56

13) Jeans (Part b) Instead of setting a single, flat-rate price for your jeans, describe a way in which you could increase your profit from this individual consumer. How much profit would you make using your new pricing strategy?