Question

The table below displays the willingness to pay of four people for tickets to the St. Louis Cardinals NLCS Series. Additionally, the St. Louis Cardinals face a constant marginal cost of $8 to sell the tickets. If the firm practiced perfect price discrimination it would sell tickets and its total revenues from the units that the firm decides to sell would equal dollars. Willingness to pay of Demand in Market for NLCS St. Louis Cardinals Ticket Marginal Cost Person's Name Freddie Freeman Mike Matheny | Albert Pujols George Brett Willingness to pay $100 $10 $50 $8 $8 $8 | $8 $5

Answer 1

Person's Name fredde freeman Mike Matheny Willingness to pay $100 Jarginal Cast $ 10 Albert Puyols $50 George Butt . In perfect price a discimination, firm will charge a which is a price which willingness to pay off a consumer & And Price Must be greater than equalto Marginel cart. Her for freedie, like, Albert the willingness to pay is more than marginal cart. So total sale will be sticket and Total Revenue sum of Willing of freddie, like & Albed 2 100 +10+50 [ Totel Revenue : 260 So It firm practiced perfect price discrimination it would sell & tickets and its totel Revenue from the units decides to sell would equal to 160 dollars