Table 2 shows Excalibur Internet's demand table, total revenue, and marginal revenue at each price. Excalibur Internet's
Fantastic news! We've Found the answer you've been seeking!
Question:
Table 2 shows Excalibur Internet's demand table, total revenue, and marginal revenue at each price. Excalibur Internet's marginal cost per internet package is $47.22. What is the profit maximizing quantity and price for Excalibur Internet?
Table 2 Demand Schedule and Calculated Revenue
Price | Amount Demanded | Total Revenue | Marginal Revenue |
$160 | 0 | $0 | n/a |
$130 | 125 | $16,250 | $130.00 |
$100 | 250 | $25,000 | $70.00 |
$75 | 475 | $35,625 | $47.22 |
$40 | 625 | $25,000 | -$70.83 |
$0 | 800 | $0 | -$142.86 |
Question 3 options:
| |||
| |||
| |||
| |||
|
Related Book For
Calculus Early Transcendentals
ISBN: 978-0321947345
2nd edition
Authors: William L. Briggs, Lyle Cochran, Bernard Gillett
Posted Date: