Table 16-3Tommy’s Tie Company, a monopolist, has the followi…

Questions

Tаble 16-3Tоmmy's Tie Cоmpаny, а mоnopolist, has the following cost and revenue information. Assume that Tommy's is able to engage in perfect price discrimination. ​ Costs Quantity  Total   Marginal Produced   Cost          Cost (Units)  (Dollars) (Dollars) Revenues Quantity                        Price                                      Total    Marginal  Demanded                                                                 Revenue   Revenue (Units)                 (Dollars per unit)                        (Dollars)   (Dollars) 0 100 – 0 170     1 140   1 160     2 184   2 150     3 230   3 140     4 280   4 130     5 335   5 120     6 395   6 110     7 475   7 100     8 575   8 95     ​ ​ ​Refer to Table 16-3. If the monopolist can engage in perfect price discrimination, what is the total revenue when 3 ties are sold?

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