please how can i get help on monopoly and price discrimination. Please also explain how each is used

Exercise 8: Monopoly 8: Price Discrimination Name: Problem 8.1. The Garold 1Wayne Exotic Animal Memorial Park (aka GW Zoo) was a one-of-a-kind park run by charismatic tiger breeder Joe Exotic. The table and graph below present hourly demand for visits to the park in 2005. Because the park had no competitors, the owner could set the number of tickets per day as a monopolist. Marginal Quantity Price Revenue Revenue (William) {Sjvlslmr} [SIhm (Master) 0 110 2 100 4 90 6 80 8 70 10 60 asseseasss'ge 01234551395131\": Ml) (a) Calculate the park's revenue at each ticket quantity, and record the values in the table's third column. (b) By comparing revenue across rows. compute marginal revenue. (Don't forget the denominator AQ in computing marginal revenue .) (c) In the graph, plot the ve points that are the pairs of visitors and marginal revenue. Since marginal revenue is computed over the range from one quantitg,l to another (e.g.. from 2 to 4), use the midpoint (e.g., 3) between the starting and ending quantities for the number of visitors on the horizontal axis. (d) At each quantity, marginal revenue is El greater than D less than El equal to the price of admis- sion to the park. Problem 3.2. The medical technology company XCOR. Therapeutics has exclusive rights to sell its patented device for removing 002 from blood in patients with respiratory failure. The graph below displays (hypo- thetical) demand, marginal revenue, and cost curves. responds to the monopolist's marginal cost and marginal revenue. (b) X-COR charges for the device and sells |:| devices per year. Mark the monopoly- equilibrium point with the letter M. \"kite the monopoly,' output on the horizontal axis and the price on the vertical axis. (c) Draw a horizontal line to indicate the tech rm's average cost at its chosen output. o m 20 so '0 5 (mgdm (d) The area of one rectangle on the graph is X- COR's annual prot from its CO: detector. (a) To maximize prot, XCOR chooses the number Lightly shade in this rectangle. of devices to sell where marginal revenue equals marginal cost. Marl: that point with the letter A. it?) With darker shading. identifythe object that we Circle the number on the vertical axis that cor- resents consumer surplus. Exercise 8: Monopoly & Price Discrimination Name: Problem 8.3. Use your analysis in Problem 8.2 to compare the monopoly and competitive equilibria. (Ignore price discrimination and incentives to create other devices like X-COR's in future.) (a) Monopoly increases decreases doesn't affect output. (b) Monopoly increases decreases doesn't affect price. (c) Monopoly increases decreases doesn't affect marginal cost. (d) Monopoly increases decreases doesn't affect profit. (e) Monopoly increases decreases doesn't affect consumer surplus. (f) Monopoly increases decreases doesn't affect total surplus. Problem 8.4. Joe Exotic from Problem 8.1 discovers that students can be easily identified by their college ID's, allowing him to segment the market for his exotic animal park. The graphs below show student demand and non-student ("other" ) demand for visits to the park. Marginal cost is $10 per visitor. Students Others (S/visit) (S/visit) 100 100 90 90 80 80 70 70 60 60 50 50 40 40 30 30 20 10 Demand 10 MR MR Demand 9 Visitors 9 Visitors (visits/hour) (visits/hour) (a) Draw the marginal cost curve in each graph. Also in each graph, mark the point that determines the profit-maximizing quantity with the letter A. (b) Mark the price-discriminating equilibrium with two points. Use S to mark the price-quantity pair for students and O for others. (c) The park charges college students $ per visit and other people |$ per visit