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EQUATION Marginal Revenue and the Price Elasticity of Demand

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Presentation on theme: "EQUATION Marginal Revenue and the Price Elasticity of Demand"— Presentation transcript:

1

2 EQUATION 10.1-10.7 Marginal Revenue and the Price Elasticity of Demand

3 TABLE 10.1 Marginal Revenue and Price Elasticity of Demand

4 EQUATION 10.7-10.8 Profit Maximization and Markup Pricing

5 EQUATION 10.9-10.11 Profit Maximization and Markup Pricing

6 EQUATION 10.12-10.13 Profit Maximization and Markup Pricing

7 TABLE 10.2 The Optimal Markup

8 FIGURE 10.1 Demand, Willingness to Pay, and First-Degree Price Discrimination

9 TABLE 10.3 Individual Demand for Oranges (Hypothetical)

10 FIGURE 10.2 Profit Maximization and First-Degree Price Discrimination

11 TABLE 10.4 Numerical Example of Profit Maximization with a Single Price and First- and Second-Degree Price Discrimination

12 FIGURE 10.3 Second-Degree Price Discrimination

13 FIGURE 10.4 Profit Maximization and Second-Degree Price Discrimination

14 FIGURE 10.5 Third-Degree Price Discrimination

15 FIGURE 10.6 Profit Maximization and Third-Degree Price Discrimination

16 TABLE 10.5 Numerical Example of Profit Maximization and Third-Degree Price Discrimination

17 TABLE 10.6 Bundling

18 FIGURE 10.7 Profit Maximization and Two-Part Pricing

19 TABLE 10.7 Types of Price Discrimination

20 UNNUMBERED EQUATION

21 UNNUMBERED TABLE


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