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Illinois State University : ECO 1( X G how to calculate total revenue - X + C reggienet.illinoisstate.edu/portal/site/a9775572-ec12-4e46-a208-82625caabd11/tool/ecc5f15c-8c24-40c4-a295-f2dfaa15d146/jsf/index/mainIndex To A B IlinoisState.edu Giving News Events Map Apply Search/A-Z My Reggienet BT Table 15-3 Tommy's Tie Company, a monopolist, has the following cost and revenue information. Assume that Tommy's is able to engage in perfect price discrimination. Costs Revenues Quantity Total Marginal Quantity Price Total Marginal Produced Cost Cost Demanded Revenue Revenue (Dollars per (Units) (Dollars) (Dollars (Units) init (Dollars) (Dollars) 0 100 0 170 1 140 160 IN 184 2 50 230 3 140 280 4 130 335 5 120 395 6 110 475 7 100 8 575 8 95 Refer to Table 15-3. If the monopolist can engage in perfect price discrimination, what is the total revenue when 3 ties are sold? X O A. $140 O B. $420 C. $450 O D. $620 Answer Key:C