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

Author Question: Hi Phi Sound Unlimited has a monopoly over the installation of surround sound systems. Hi Phi ... (Read 102 times)

khang

  • Hero Member
  • *****
  • Posts: 569
on: Apr 19, 2019

Question 1

Stereo Sound Unlimited has a monopoly over the installation of surround sound systems. If Stereo Sound Unlimited's total revenue from installing 10 sound systems is $20,000 and its total revenue from installing 11 sound systems is $18,000, what is the marginal revenue of the eleventh sound system?


◦ -$2,000
◦ -$1,000
◦ $2,000
◦ $3,800

Question 2

Hi Phi Sound Unlimited has a monopoly over the installation of surround sound systems. Hi Phi Unlimited's total revenue from installing 15 sound systems is $30,000 and its total revenue from installing 18 sound systems is $33,000. The marginal revenue received from selling the 18th sound system is


◦ equal to the price of the 16th sound system.
◦ greater than the price of the 16th sound system.
◦ less than the price of the 16th sound system.
◦ Indeterminate from the given information.
Principles of Economics ¦ Case, Fair, Oster ¦ 12th Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by khang on Apr 19, 2019

lauravaras

  • Sr. Member
  • ****
  • Posts: 347
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.
Answer Preview
Only 55% of students answer this correctly


khang

  • Hero Member
  • *****
  • Posts: 569
Reply #2 on: Apr 19, 2019
TY


lauravaras

  • Sr. Member
  • ****
  • Posts: 347
Reply #3 on: Apr 19, 2019
You're welcome


« previous next »
 

Did you know?

The lipid bilayer is made of phospholipids. They are arranged in a double layer because one of their ends is attracted to water while the other is repelled by water.

Did you know?

Multiple experimental evidences have confirmed that at the molecular level, cancer is caused by lesions in cellular DNA.

Did you know?

Only one in 10 cancer deaths is caused by the primary tumor. The vast majority of cancer mortality is caused by cells breaking away from the main tumor and metastasizing to other parts of the body, such as the brain, bones, or liver.

Did you know?

Famous people who died from poisoning or drug overdose include, Adolf Hitler, Socrates, Juan Ponce de Leon, Marilyn Monroe, Judy Garland, and John Belushi.

Did you know?

The first documented use of surgical anesthesia in the United States was in Connecticut in 1844.

Global positioning systems determine latitude, longitude, and altitude by measuring the distance fro Global positioning systems determine latitude, longitude, and altitude by measuring the distance fro
The Systems in Bronfenbrenner’s Ecological Theory The Systems in Bronfenbrenner’s Ecological Theory
This chart shows the various lines of responsibility and how they differ in presidential and parliam This chart shows the various lines of responsibility and how they differ in presidential and parliam
Frederick Douglass, having escaped from slavery in 1836, attracted large audiences as an antislavery Frederick Douglass, having escaped from slavery in 1836, attracted large audiences as an antislavery
The Sun powers on the living systems The Sun powers on the living systems
All human organ systems and their functions (Part 1) All human organ systems and their functions (Part 1)
Video: Pericarditis

For a complete list of videos, visit our video library