Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

So I Price 45+ 40 35 30 25 - 22 5 20- 15+ 10 MC-ATC S MR Demand 50 100 150 200 250 300 350

image text in transcribedimage text in transcribed
image text in transcribedimage text in transcribed
So I Price 45+ 40 35 30 25 - 22 5 20- 15+ 10 MC-ATC S MR Demand 50 100 150 200 250 300 350 400 450 500 550 600 650 700 750 800 Quantity Based on this figure, if there are no fixed costs of production, what would monopoly profit be equal to, with perfect price discrimination? (Note in case you cannot see the figure - there is a horizontal MC = ATC curve at P = $10, the demand and marginal revenue curves have an intercept of $35, and the demand curve crosses the MC curve at P = $10 and Q = 500. The MR curve crosses the MC curve at P = $10 and Q = 250. All lines are straight lines).In the market for pineapples, the marginal cost of producing the 100th pineapple is $1 the marginal consumer is willing to buy the 100th pineapple for $3 the equilibrium price of pineapples is $1.50 Use the information provided to make the correct matches for the 100th pineapple consumer surplus $1.50 producer surplus $0.50 total surplus $2

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored 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

Contemporary Advertising

Authors: William F Arens

16th Edition

1260735419, 9781260735413

More Books

Students also viewed these Economics questions

Question

What causes customers to become dissatisfied?

Answered: 1 week ago

Question

1. To generate a discussion on the concept of roles

Answered: 1 week ago

Question

6. What information processes operate in communication situations?

Answered: 1 week ago