kinked-demand schedule
kinked-demand schedule
1. The kinked-demand schedule that an oligopolist believes confronts the firm is given in the table below. Compute the oligopolist’s total revenue at each of the nine prices, and enter these figures in the table. Also compute marginal revenue for each unit between the nine prices and enter these figures in the table. From the table, (a) where is the “kink” in the demand curve? (b) what is the current selling price at that kink and how much output will be demanded? (c) what is the range of marginal cost that will keep the price set at the kink?
| Price | Quantity demanded | Total Revenue | Marginal Revenue per Unit |
| $5.80 | 50 | $____ | |
| 5.60 | 100 | ____ | $____ |
| 5.40 | 150 | ____ | ____ |
| 5.20 | 200 | ____ | ____ |
| 5.00 | 250 | ____ | ____ |
| 4.80 | 264 | ____ | ____ |
| 4.60 | 279 | ____ | ____ |
| 4.40 | 288 | ____ | ____ |
| 4.20 | 300 | ____ | ____ |
Do you need a similar assignment written for you from scratch? We have qualified writers to help you.
You can rest assured of an A+ quality paper that is plagiarism free. Order now for a FREE first Assignment!
Use Discount Code "FREE" for a 100% Discount!
NB: We do not resell papers. Upon ordering, we write an original paper exclusively for you.
