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 563 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?

About one in five American adults and teenagers have had a genital herpes infection—and most of them don't know it. People with genital herpes have at least twice the risk of becoming infected with HIV if exposed to it than those people who do not have genital herpes.

Did you know?

HIV testing reach is still limited. An estimated 40% of people with HIV (more than 14 million) remain undiagnosed and do not know their infection status.

Did you know?

The shortest mature adult human of whom there is independent evidence was Gul Mohammed in India. In 1990, he was measured in New Delhi and stood 22.5 inches tall.

Did you know?

Vaccines cause herd immunity. If the majority of people in a community have been vaccinated against a disease, an unvaccinated person is less likely to get the disease since others are less likely to become sick from it and spread the disease.

Did you know?

Medication errors are more common among seriously ill patients than with those with minor conditions.

Small Copper Small Copper
Antarctic tree Antarctic tree
The ultimate foundation of any political order is violence, no more starkly demonstrated than when a ... The ultimate foundation of any political order is violence, no more starkly demonstrated than when a ...
Molecular tree of life Molecular tree of life
photosynthesis of a tree "التركيب الضوئي" photosynthesis of a tree "التركيب الضوئي"
evolution tree evolution tree
Video: Mechanisms of capillary exchange

For a complete list of videos, visit our video library