In Thailand, a firm named SunFly is planning to monopolize its streaming services. The firm has made a ฿3 million investment in their streaming offerings. In addition, the firm has faced a marginal cost of ฿10 for each streaming service it offers. The table below displays SunFly’s monthly streaming service pricing as well as the quantity demanded for each pricing. Price (฿): * ฿ 130 * ฿ 120 * ฿ 110 * ฿ 100 * ฿ 90 * ฿ 80 * ฿ 70 * ฿ 60 * ฿ 50 Quantity demanded: * 10,000 * 20,000 * 30,000 * 40,000 * 50,000 * 60,000 * 70,000 * 80,000 * 90,000 a.) Calculate TOTAL REVENUE, MARGINAL REVENUE, TOTAL COST, and PROFIT using the information given. What amount should a monopolistic business charge in order to maximize profits? b.) Illustrate (draw) a graph for the marginal-revenue, marginal-cost, and demand curves based on your solution in (a). The marginal revenue and marginal-cost curves INTERSECT at what price and quantity? Furthemore, give some EXPLAINATIONS of your graph.

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In Thailand, a firm named SunFly is planning to monopolize its
streaming services. The firm has made a ฿3 million investment in
their streaming offerings. In addition, the firm has faced a marginal
cost of ฿10 for each streaming service it offers. The table below
displays SunFly’s monthly streaming service pricing as well as the
quantity demanded for each pricing.

Price (฿):

* ฿ 130
* ฿ 120
* ฿ 110
* ฿ 100
* ฿ 90
* ฿ 80
* ฿ 70
* ฿ 60
* ฿ 50

Quantity demanded:

* 10,000
* 20,000
* 30,000
* 40,000
* 50,000
* 60,000
* 70,000
* 80,000
* 90,000

a.) Calculate TOTAL REVENUE, MARGINAL REVENUE, TOTAL COST, and PROFIT
using the information given. What amount should a monopolistic
business charge in order to maximize profits?

b.) Illustrate (draw) a graph for the marginal-revenue, marginal-cost,
and demand curves based on your solution in (a). The marginal revenue
and marginal-cost curves INTERSECT at what price and quantity?
Furthemore, give some EXPLAINATIONS of your graph.

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