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Author Question: Marginal RevenueThe graph shows the demand curve for movie tickets at Reels & Meals Movie Theatre, ... (Read 494 times)

jany123

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on: Nov 23, 2022
Marginal Revenue

The graph shows the demand curve for movie tickets at Reels & Meals Movie Theatre, which operates in a monopolistically competitive market.



Assume that P1=$13.75, P2=$18.50, Q1=120, and Q2=210. When the firm cuts price from $18.50 to $13.75, revenue ________ (increases/decreases) by ________ due to the output effect and revenue ________ (increases/decreases) by ________ due to the price effect.
Please round your final answer to two decimal places.
◦ increases, $1237.50, decreases, $570.00
◦ increases, $2887.50, increases, $2220.00
◦ decreases, $1237.50 increases, $570.00
◦ decreases, $2887.50, decreases, $2220.00
Macroeconomics ¦ Acemoglu, Laibson, List ¦ 3rd Edition
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Marked as best answer by jany123 on Nov 23, 2022

Tester

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Reply #1 on: Nov 23, 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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jany123

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Reply 2 on: Nov 23, 2022
Great answer, keep it coming :)

Chelseyj.hasty

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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