In the table below are cost and demand data for a monopolist. Show all calculations. Quantity demanded Price Marginal Average Marginal cost revenue cost $105.00 1 96.00 $96.00 $144.00 $144.00 2 87.00...


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In the table below are cost and demand<br>data for a monopolist. Show all calculations.<br>Quantity<br>demanded<br>Price<br>Marginal Average Marginal<br>cost<br>revenue<br>cost<br>$105.00<br>1<br>96.00<br>$96.00<br>$144.00 $144.00<br>2<br>87.00<br>78.00<br>90.00<br>36.00<br>3<br>78.00<br>60.00<br>70.34<br>30.00<br>4<br>69.00<br>42.00<br>63.00<br>42.00<br>5<br>60.00<br>24.00<br>60.00<br>48.00<br>6.<br>51.00<br>6.00<br>58.50<br>51.00<br>7<br>42.00<br>-12.00<br>57.86<br>54.00<br>8<br>33.00<br>-30.00<br>57.50<br>55.50<br>9.<br>24.00<br>-48.00<br>57.33<br>56.00<br>(a) The public transportation company in a<br>city charges senior citizens & students $100<br>for a monthly pass. Everyone else pays<br>$140 for a monthly pass. What conditions<br>must exist to make this possible? From an<br>economic perspective, why would the<br>company do this? Explain.<br>

Extracted text: In the table below are cost and demand data for a monopolist. Show all calculations. Quantity demanded Price Marginal Average Marginal cost revenue cost $105.00 1 96.00 $96.00 $144.00 $144.00 2 87.00 78.00 90.00 36.00 3 78.00 60.00 70.34 30.00 4 69.00 42.00 63.00 42.00 5 60.00 24.00 60.00 48.00 6. 51.00 6.00 58.50 51.00 7 42.00 -12.00 57.86 54.00 8 33.00 -30.00 57.50 55.50 9. 24.00 -48.00 57.33 56.00 (a) The public transportation company in a city charges senior citizens & students $100 for a monthly pass. Everyone else pays $140 for a monthly pass. What conditions must exist to make this possible? From an economic perspective, why would the company do this? Explain.

Jun 08, 2022
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