Mathematical problem

Apr 15th, 2015
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. Bob, Bill, Ben, and Brad Baxter have just made a documentary movie about their basketball team. They are thinking about making the movie available for download on the Internet, and they can act as a single-price monopolist if they choose to. Each time the movie is downloaded, their Internet service provider charges them a fee of $4. The Baxter brothers are arguing about which price to charge customers per download. The accompanying table shows the demand schedule for their film.

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2. Bob, Bill, Ben, and Brad Baxter have just made a documentary movie about their basketball team. They are thinking about making the movie available for download on the Internet, and they can act as a single-price monopolist if they choose to. Each time the movie is downloaded, their Internet service provider charges them a fee of $4. The Baxter brothers are arguing about which price to charge customers per download. The accompanying table shows the demand schedule for their film.Price of downloadQuantity of downloads demanded$100816346210015a. Calculate the total revenue and the marginal revenue per download.Price of downloadQuantity of downloads demandedTotal RevenueMarginal Revenue$100xx816346210015b. Bob is proud of the film and wants as many people as possible to download it. Which price would he choose? How many downloads would be sold?

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