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Author Question: If a single-price monopolist sets price where the price elasticity of demand exactly equals 1, its (Read 73 times)

jenniferbaugh1984

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on: Oct 12, 2022

Question 1

The figure below shows the demand schedule and demand curve for a product produced by a single-price monopolist.



FIGURE 10-1

Refer to Figure 10-1. What is the change in total revenue for this firm as it increases output from 9 units to 10 units?


◦ -$2
◦ $0
◦ -$6
◦ $6
◦ $2

Question 2

If a single-price monopolist sets price where the price elasticity of demand exactly equals 1, its
◦ total revenue is at its maximum.
◦ marginal revenue is always positive.
◦ total revenue is falling.
◦ total profits are at a maximum.
◦ total revenue is rising, although marginal revenue is falling.
Microeconomics ¦ Ragan ¦ 17th Edition
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Marked as best answer by jenniferbaugh1984 on Oct 12, 2022

gyvette

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Reply #1 on: Oct 12, 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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jenniferbaugh1984

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Reply 2 on: Oct 12, 2022
YES! Correct, THANKS for helping me on my review

scottmt

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Reply 3 on: Yesterday
Wow, this really help

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