Author Question: The diagram below shows the demand curve facing a single-price monopolist.FIGURE 10-4Refer to Figure ... (Read 49 times)

ncasson210 · **on:** Oct 12, 2022

Question 1

The diagram below shows the demand curve facing a single-price monopolist.

FIGURE 10-4
Refer to Figure 10-4. What is the firm's marginal revenue per unit as it moves from point A to point B on the demand curve?

◦ $2000
◦ $50
◦ $0
◦ $1000
◦ $40

Question 2

The diagram below shows the demand curve facing a single-price monopolist.

FIGURE 10-4
Refer to Figure 10-4. Suppose the firm is currently at point C on the demand curve, selling 300 units at $40 per unit. If the firm moves to point D, the revenue the firm gives up on the units it was already selling is ________ and the revenue it gains on the additional units sold is ________.

◦ $3000; 4000
◦ $12 000; $12 000
◦ $4000; $3000
◦ $3000; $3000
◦ $9000; $9000

Hamad · **Reply #1 on:** Oct 12, 2022

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