Table Window Help Problem Set V sert Design Layout ReferencesMailings Review Vie

Question

Table Window Help Problem Set V sert Design Layout ReferencesMailings Review View Cambria Pane consiaer tne inrormation given tor a monopory nrm AYz tnat sels proauct M Quantity Price TR 50 Total costProfitsMR 45 35 25 15 MC 45 35 30 25 20 14 15 16 10 90 160 210 240 250 240 210 160 90 11 17 25 35 ÷47 61 83 149 193 215 215 193 149 10 12 25 -35 ?? 18 95 (a): Complete the Total Revenue (TR). Profits, Marginal Revenue (MR) and Marginal cost (MC) columns in the table (19 marks) (b): What is the profit maximizing quantity and price for firm XYZ? (8 marks) (c): If firm XYZ could perfectly price discriminate, what quantity would it produce and what price would it charge? (8 marks) 6 Words English (US) MacBook Ai

Explanation / Answer

b) The profit maximizing quantity is the quantity level at which marginal revenue equals marginal cost.

Thus the profit maximizing quantity is 10 units and profit maximizing price is $ 25.

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c) If the firm can perfectly discriminate, it would produce 8 units and charge a price of $ 30.

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