Project #86709 - Microeconomics help

  1. 4 friends, A,B, C and D have made a documentary about their hockey team. They are thinking of making the movie available for download on the internet, and they can act like a monopolist, if they choose. Each time the movie is downloaded, the ISP charges them a fee of $4. The friends argue about what price to charge customers per download. The following table shows the demand schedule

    Price of Download Quantity of downloads demanded
    $10 0
    $8 1
    $6 3
    $4 6
    $2 10
    $0 15

    a) Calculate the TR and MR per download
    b) A is proud of the film and wants as many people as possible to download it. What price should he choose? How many downloads will be sold?
    c) B wants as much revenue as possible. What price should he choose? How many downloads will be sold?
    d) C wants to maximize profit. What price should he choose? How many downloads will be sold?
    e) D wants to charge the efficient price. What price should he choose? How many downloads will be sold?

 

In addition to the answers for this (due Wednesday) I need a scholar that is able to chat online with me for one hour for assistance while I take a Quiz. It is for Microeconomics- so if you choose this please know your stuff! I will pay $25 for the hour, as long as you seem to know the correct answers.  We can arrange a time for Wednesday.

Subject Business
Due By (Pacific Time) 10/14/2015 03:00 pm
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