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Author Question: The figure below shows the demand schedule and demand curve for a product produced by a single-price ... (Read 77 times)

yagurl

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on: Oct 12, 2022

The figure below shows the demand schedule and demand curve for a product produced by a single-price monopolist.



FIGURE 10-1

Refer to Figure 10-1. Suppose this single-price monopolist is initially selling 5 units at $8 each and then reduces the price of the product to $6. By making this change, the revenue the firm gives up on the units it was already selling is ________ and the revenue it gains on the additional units sold is ________. Its marginal revenue is therefore ________. (All figures are dollars.)


◦ 5; 7; -2
◦ 14; 14; 0
◦ 10; 12; 2
◦ 8; 6; 2
◦ 38; 40; 2
Microeconomics ¦ Ragan ¦ 17th Edition
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Marked as best answer by yagurl on Oct 12, 2022

3ginamay

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Reply #1 on: Oct 12, 2022
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.
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yagurl

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Reply 2 on: Oct 12, 2022
YES! Correct, THANKS for helping me on my review

miss.ashley

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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