Microeconomics
posted by Lorie .
The following table indicates the prices various buyers are willing to pay for a Miata sports car:
Buyer A Maximum price $50,000
Buyer B Maximum price $40,000
Buyer C Maximum price $30,000
Buyer D Maximum price $20,000
Buyer E Maximum price $10,000
The cost of producing the cars includes $50,000 of fixed costs and a constant marginal cost of $10,000. With a Quantity between 0 and 6 cars per period.
a) graph the demand, marginal revenue, and marginal cost curves.
b) What is the profitmaximizing rate of output and price for the monopolist? How much profit does the monopolist make?
Output____________
Price_____________
Profit____________
c) If the monopolist can pricediscriminate, how many cars will he sell?
d) How much profit will he make?
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