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Author Question: In a small town, Marilyn's Christmas Tree Lot has a monopoly on sales of Christmas trees. In order ... (Read 1111 times)

tiffannnnyyyyyy

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on: Jun 29, 2018
In a small town, Marilyn's Christmas Tree Lot has a monopoly on sales of Christmas trees. In order to increase her sales from 100 trees to 101 trees, she must drop the price of all of her trees from 20 to 19. What is the marginal revenue?
 
  A) 2000
  B) 20
  C) 19
  D) negative 81

Question 2

A rise in the price of cabbage from 14 to 18 per bushel increases the quantity supplied from 4,000 to 6,000 bushels. The elasticity of supply is
 
  A) 0.6.
  B) 0.8.
  C) 1.0.
  D) 1.6.


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braelync

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Reply #1 on: Jun 29, 2018
Answer to Question 1

D

Answer to Question 2

D


tiffannnnyyyyyy

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Reply #2 on: Jun 29, 2018
Correct answers!


braelync

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Reply #3 on: Jun 29, 2018
Great! Please up vote :D


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