how to calculate the MR for this ?
Homework Answers
| Prie | Quantity | Revenue | |
| p | x | x * p | MR |
| 100 | 0 | 0 | 0 |
| 90 | 1 | 90 | 90 |
| 65 | 2 | 130 | 40 |
| 55 | 3 | 165 | 35 |
| 45 | 4 | 180 | 15 |
| 38 | 5 | 190 | 10 |
| 30 | 6 | 180 | -10 |
In the above table, MR = Marginal revenue is computed as Total revenue of (n) units - Total revenue of (n - 1 ) Units.
MR (1) = 90 - 0 = 90
MR(2) = 130 - 90 = 40
MR(3) = 165 - 130 = 35
MR(4) = 180 - 165 = 15
MR (5) = 190 - 180 = 10
Profit maximization for monopoly = MR = MC ....... which is at a price of 38 and quantity demanded = 5 Units.
Hence ............ Option - (c) is the correct answer
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how to calculate the MR for this ? Need Help n Oct 28 66% a mit.instructure.com...
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Instructions
Answer these 3 scenarios. Here is a handout
Scenario #1
Scenario #2
Scenario #3
Suppose a price-discriminating monopoly has segregated its
market into two sub-markets (Market 1 and Market 2) and can prevent
resale between the two. Assume that its marginal cost
is $10 and equal to its average total
cost of $10. The firm's demand schedule for the first
group is given by the first two columns of the table.
Market 1
Market 2
Output
Price
Total Revenue...
For the monopoly represented by the figure to the right, at what quantity is its revenue...
For the monopoly represented by the figure to the right, at
what quantity is its revenue maximized?
(Hint: Revenue is maximize where
MRequals=0.)
Why is revenue maximized at a larger quantity than profit? Show
the revenue curve.
In the figure to the right, let D be demand and MR be marginal
revenue.
The quantity at which revenue is maximized is
Qequals=nothing
units. (Enter your response rounded to the nearest whole
number.)
30 28 26 24 20 E 18 16 14...
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(Table: Prices and Demand) Use
Table: Prices and Demand. The New Orleans Saints have a monopoly on
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Saints should produce _____ hats and charge _____ to maximize its
profits.
4; $22
3; $24
1; $28
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Instructions
Answer these 3 scenarios. Here is a handout
Scenario #1
Scenario #2
Scenario #3
Suppose a price-discriminating monopoly has segregated its
market into two sub-markets (Market 1 and Market 2) and can prevent
resale between the two. Assume that its marginal cost
is $10 and equal to its average total
cost of $10. The firm's demand schedule for the first
group is given by the first two columns of the table.
Market 1
Market 2
Output
Price
Total Revenue...
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Instructions
Answer these 3 scenarios. Here is a handout
Scenario #1
Scenario #2
Scenario #3
Suppose a price-discriminating monopoly has segregated its
market into two sub-markets (Market 1 and Market 2) and can prevent
resale between the two. Assume that its marginal cost
is $10 and equal to its average total
cost of $10. The firm's demand schedule for the first
group is given by the first two columns of the table.
Market 1
Market 2
Output
Price
Total Revenue...
For the monopoly represented by the figure to the right, at
what quantity is its revenue maximized?
(Hint: Revenue is maximize where
MRequals=0.)
Why is revenue maximized at a larger quantity than profit? Show
the revenue curve.
In the figure to the right, let D be demand and MR be marginal
revenue.
The quantity at which revenue is maximized is
Qequals=nothing
units. (Enter your response rounded to the nearest whole
number.)
30 28 26 24 20 E 18 16 14...
(Table: Prices and Demand) Use
Table: Prices and Demand. The New Orleans Saints have a monopoly on
Saints logo hats. The marginal cost of producing a hat is $18. The
Saints should produce _____ hats and charge _____ to maximize its
profits.
4; $22
3; $24
1; $28
2; $26
Table: Prices and Demand Quantity of Hats Price Demanded per Hat $30 1 28 26 3 24 4 22 5 20 18 6 7 16 8 14
Demand Schedule and Total Costs. Can I get some help starting at
question 2 and the questions following it.
a. If the monopolist maximizes profits, what price does it charge? b. What quantity is produced? c. What are the monopolist's profits? Molly's blooms, the only florist in town, is a monopoly. Molly faces the following demand schedule: 2. Quantity Demanded Total Revenue 0 1 Marginal Revenue Price 12 10 9 4 6 Molly's has the following total costs: Total Cost...
Instructions
Answer these 3 scenarios. Here is a handout
Scenario #1
Scenario #2
Scenario #3
Suppose a price-discriminating monopoly has segregated its
market into two sub-markets (Market 1 and Market 2) and can prevent
resale between the two. Assume that its marginal cost
is $10 and equal to its average total
cost of $10. The firm's demand schedule for the first
group is given by the first two columns of the table.
Market 1
Market 2
Output
Price
Total Revenue...
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