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Author Question: Your food-services company has been named as the monopoly provider of meals at a small university. ... (Read 130 times)

byomi

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on: Oct 12, 2022

Question 1

Suppose a monopolist faces the demand, marginal revenue and cost curves shown below.



FIGURE 10-7

Refer to Figure 10-7. When in short-run equilibrium, if the monopoly sells another unit of output Total Revenue will


◦ increase by $25.
◦ increase by $15.
◦ increase by $10.
◦ decrease by $10.
◦ decrease by $15.

Question 2

Your food-services company has been named as the monopoly provider of meals at a small university. The cost and demand schedules are: 

Sold per DayPrice per Meal
$		Total Cost
$		Total Revenue
$
   06.00  500      0
1005.50  550  550
2005.00  6001000
3004.50  6751350
4004.00  8001600
5003.50  9501750
6003.0012001800
7002.5016001750

TABLE 10-2

Refer to Table 10-2. What is the marginal cost of an additional meal when output is between 400 and 500 meals per day?
◦ $0.50
◦ $5.00
◦ $4.00
◦ $0
◦ $1.50
Microeconomics ¦ Ragan ¦ 17th Edition
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Marked as best answer by byomi on Oct 12, 2022

Mynameisrandom

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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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byomi

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Reply 2 on: Oct 12, 2022
Excellent

meow1234

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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