(Answered) In the follow situation for a monopoly firm in the short

Engineering

In the follow situation for a monopoly firm in the short run, what is the profit maximizing level of output. Please show your work and be as precise as possible.

Q P FC MC______________________________________

0 $25

1 $20

2 $18

3 $16

4 $14

2. If a street artist thinks that customers are have the following demand:

Price $90 Quantity demanded 1

Price $70 Quantity demanded 2

Price $50 Quantity demanded 3

Price $30 Quantity demanded 4

And the fixed cost for her business is $40, while it costs her $60 to paint each additional painting, how many paintings should she sell?

Would she do better if she could price discriminate? Why?

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