Explore BrainMass
Share

Explore BrainMass

    Total Revenue

    This content was COPIED from BrainMass.com - View the original, and get the already-completed solution here!

    A firm is practicing first degree price-discrimination. The demand for the firm's product is defined as QD = 20-2P. If the firm maximizes profits by selling 4 unites of output and the product is infinitely divisible what is the firm's total revenue?

    © BrainMass Inc. brainmass.com October 9, 2019, 10:45 pm ad1c9bdddf
    https://brainmass.com/economics/pricing-output-decisions/first-degree-price-discrimination-total-revenue-231017

    Solution Preview

    The total revenue to the firm under first degree price discrimination is the area under the demand curve between Q=0 to Q=4. ...

    Solution Summary

    Total revenue is assessed in the solution.

    $2.19