9See HintSuppose seven individuals enjoy going to the comedy club. Their demand is as followsPersonWillingness to payAllisonBeatriceCallyDavidEzekielFrancescaGertrude40363228242016Suppose the comedy club had a monopoly and a marginal cost of $7per entrant. Suppose the club could perfectly price-discriminate.That is, it could charge each customer a different price equal to his or her maximum willingness to pay, Howcomedy club sell?many tickets would theSUBMIT ANSWER16/17>9 OF 17 QUESTIONS COMPLETEDMacBook Pro

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Asked Feb 5, 2019
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9See Hint
Suppose seven individuals enjoy going to the comedy club. Their demand is as follows
Person
Willingness to pay
Allison
Beatrice
Cally
David
Ezekiel
Francesca
Gertrude
40
36
32
28
24
20
16
Suppose the comedy club had a monopoly and a marginal cost of $7per entrant. Suppose the club could perfectly price-discriminate.
That is, it could charge each customer a different price equal to his or her maximum willingness to pay, How
comedy club sell?
many tickets would the
SUBMIT ANSWER
16/17>
9 OF 17 QUESTIONS COMPLETED
MacBook Pro
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9See Hint Suppose seven individuals enjoy going to the comedy club. Their demand is as follows Person Willingness to pay Allison Beatrice Cally David Ezekiel Francesca Gertrude 40 36 32 28 24 20 16 Suppose the comedy club had a monopoly and a marginal cost of $7per entrant. Suppose the club could perfectly price-discriminate. That is, it could charge each customer a different price equal to his or her maximum willingness to pay, How comedy club sell? many tickets would the SUBMIT ANSWER 16/17> 9 OF 17 QUESTIONS COMPLETED MacBook Pro

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Expert Answer

Step 1

Given:

Table -1 shows the seven individuals willingness to pay:

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Step 2

Formula used:

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Step 3

To find the total Revenue.

Quantity 1, total revenue can be ...

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