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Author Question: When a monopolist sells two units of output its total revenue is $600. When a monopolist sells three ... (Read 230 times)

penguins

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on: Apr 19, 2019

Question 1

When a monopolist sells two units of output its total revenue is $600. When a monopolist sells three units of output its total revenue is $630. When the monopolist sells three units of output, the price per unit is


◦ $210.
◦ $230.
◦ $300.
◦ $630.

Question 2

When a monopolist sells two units of output its total revenue is $600. When a monopolist sells three units of output its total revenue is $630. In order to sell three units of output instead of only two, the monopolist must


◦ increase its price by $30 per unit.
◦ decrease its price by $90 per unit.
◦ make no change in price and increase output by one unit.
◦ decrease its price by $30 per unit.
Principles of Economics ¦ Case, Fair, Oster ¦ 12th Edition
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Marked as best answer by penguins on Apr 19, 2019

briseldagonzales

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Reply #1 on: Apr 19, 2019
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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penguins

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Reply 2 on: Apr 19, 2019
Great answer, keep it coming :)

Dnite

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

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