This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Hi Phi Sound Unlimited has a monopoly over the installation of surround sound systems. Hi Phi ... (Read 105 times)

khang

  • Hero Member
  • *****
  • Posts: 569
on: Apr 19, 2019

Question 1

Stereo Sound Unlimited has a monopoly over the installation of surround sound systems. If Stereo Sound Unlimited's total revenue from installing 10 sound systems is $20,000 and its total revenue from installing 11 sound systems is $18,000, what is the marginal revenue of the eleventh sound system?


◦ -$2,000
◦ -$1,000
◦ $2,000
◦ $3,800

Question 2

Hi Phi Sound Unlimited has a monopoly over the installation of surround sound systems. Hi Phi Unlimited's total revenue from installing 15 sound systems is $30,000 and its total revenue from installing 18 sound systems is $33,000. The marginal revenue received from selling the 18th sound system is


◦ equal to the price of the 16th sound system.
◦ greater than the price of the 16th sound system.
◦ less than the price of the 16th sound system.
◦ Indeterminate from the given information.
Principles of Economics ¦ Case, Fair, Oster ¦ 12th Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by khang on Apr 19, 2019

lauravaras

  • Sr. Member
  • ****
  • Posts: 347
Reply #1 on: Apr 19, 2019
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
Answer Preview
Only 55% of students answer this correctly


khang

  • Hero Member
  • *****
  • Posts: 569
Reply #2 on: Apr 19, 2019
TY


lauravaras

  • Sr. Member
  • ****
  • Posts: 347
Reply #3 on: Apr 19, 2019
You're welcome


« previous next »
 

Did you know?

Only one in 10 cancer deaths is caused by the primary tumor. The vast majority of cancer mortality is caused by cells breaking away from the main tumor and metastasizing to other parts of the body, such as the brain, bones, or liver.

Did you know?

A strange skin disease referred to as Morgellons has occurred in the southern United States and in California. Symptoms include slowly healing sores, joint pain, persistent fatigue, and a sensation of things crawling through the skin. Another symptom is strange-looking, threadlike extrusions coming out of the skin.

Did you know?

People with high total cholesterol have about two times the risk for heart disease as people with ideal levels.

Did you know?

More than 20 million Americans cite use of marijuana within the past 30 days, according to the National Survey on Drug Use and Health (NSDUH). More than 8 million admit to using it almost every day.

Did you know?

Approximately 25% of all reported medication errors result from some kind of name confusion.

The internal organization of cells, tissues, organs, and organ systems in a mammal. The internal organization of cells, tissues, organs, and organ systems in a mammal.
A taxonomy of primate social systems. Larger symbols indicate adults. A taxonomy of primate social systems. Larger symbols indicate adults.
Characteristics of Sound: Frequency and Amplitude Characteristics of Sound: Frequency and Amplitude
The physician uses percussion—tapping—to detect sound or vibration. The physician uses percussion—tapping—to detect sound or vibration.
Major Wind Systems: Sea and Land Breezes Major Wind Systems: Sea and Land Breezes
Development of the Reproductive Systems Development of the Reproductive Systems
Video: HIV replication/ Replication cycle of HIV

For a complete list of videos, visit our video library