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Author Question: Use the following figure depicting demand, marginal revenue and marginal cost to answer the ... (Read 28 times)

isam

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on: Oct 12, 2022

Question 1

Use the following figure depicting demand, marginal revenue and marginal cost to answer the following question.



FIGURE 12-5

Refer to Figure 12-5. The diagram represents a monopoly. The equilibrium quantity is


◦ less than 1000 units.
◦ 2000 units.
◦ 1000 units.
◦ more than 2000 units.
◦ 1500 units.

Question 2

Use the following figure depicting demand, marginal revenue and marginal cost to answer the following question.



FIGURE 12-5

Refer to Figure 12-5. The diagram represents a monopoly. At the allocatively efficient level of output, consumer surplus is


◦ $45 000.
◦ $90 000.
◦ $180 000.
◦ $225 000.
◦ $270 000.
Microeconomics ¦ Ragan ¦ 17th Edition
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Marked as best answer by isam on Oct 12, 2022

xinyiff

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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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isam

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Reply 2 on: Oct 12, 2022
Thanks for the timely response, appreciate it

mcarey591

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

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