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

Author Question: In a small town, Marilyn's Christmas Tree Lot has a monopoly on sales of Christmas trees. In order ... (Read 436 times)

tiffannnnyyyyyy

  • Hero Member
  • *****
  • Posts: 512
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.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

braelync

  • Sr. Member
  • ****
  • Posts: 350
Reply #1 on: Jun 29, 2018
Answer to Question 1

D

Answer to Question 2

D


tiffannnnyyyyyy

  • Hero Member
  • *****
  • Posts: 512
Reply #2 on: Jun 29, 2018
Correct answers!


braelync

  • Sr. Member
  • ****
  • Posts: 350
Reply #3 on: Jun 29, 2018
Great! Please up vote :D


« previous next »
 

Did you know?

Human stomach acid is strong enough to dissolve small pieces of metal such as razor blades or staples.

Did you know?

There are 20 feet of blood vessels in each square inch of human skin.

Did you know?

As the western states of America were settled, pioneers often had to drink rancid water from ponds and other sources. This often resulted in chronic diarrhea, causing many cases of dehydration and death that could have been avoided if clean water had been available.

Did you know?

Calcitonin is a naturally occurring hormone. In women who are at least 5 years beyond menopause, it slows bone loss and increases spinal bone density.

Did you know?

A cataract is a clouding of the eyes' natural lens. As we age, some clouding of the lens may occur. The first sign of a cataract is usually blurry vision. Although glasses and other visual aids may at first help a person with cataracts, surgery may become inevitable. Cataract surgery is very successful in restoring vision, and it is the most frequently performed surgery in the United States.

(b) A epiphytic plant growing on the branch of a tree. (b) A epiphytic plant growing on the branch of a tree.
Although average brain size increases gradually though time in H. erectus, individuals with small br Although average brain size increases gradually though time in H. erectus, individuals with small br
A dual turbocharger system installed on a small block Chevrolet V-8 engine. A dual turbocharger system installed on a small block Chevrolet V-8 engine.
How to use a tree diagram to find the probability How to use a tree diagram to find the probability
evolution tree evolution tree
Christmas kids drawing Christmas kids drawing
Video: Brain Lobes Animation

For a complete list of videos, visit our video library