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ksmithunr

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Your food-services company has been named as the monopoly provider of meals at a small university. The cost and demand schedules are:

Sold per DayPrice per Meal
$
Total Cost
$
Total Revenue
$
   06.00  500      0
1005.50  550  550
2005.00  6001000
3004.50  6751350
4004.00  8001600
5003.50  9501750
6003.0012001800
7002.5016001750

TABLE 10-2

Refer to Table 10-2. Assuming this firm is a single-price monopolist, what is the marginal revenue of an additional meal sold when output is between 100 and 200 meals per day?
◦ $4.50
◦ $4.00
◦ $5.50
◦ $0.50
◦ -$0.50


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Marked as best answer by ksmithunr on Oct 12, 2022

Snabbey

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ksmithunr

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Reply 2 on: Oct 12, 2022
:D TYSM


raenoj

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Reply 3 on: Yesterday
Excellent

 

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