Question

Lumen OHMA x Ed Study Plan: Eco X ) Book lindb a week 1-TC29 × G theatre-Goo. x | × s/learnvcs edu/webapps/blackboard/content/contentWrapper jsp ookmarks here on the bookmarks bar. Import bookmarks now Ti what is Theatre x | 4 Y COLLEGE nywhere.M TCC Learn siness - Spring 2019 TC295.BUS.100.0Z9C.SP19 Module 2: Economic EnvironmentStudy Plan: Economic Environment Complete the following sentence If people think that the price of televisions will decrease in the near future that belief may cause a(n) (i) increase in the supply of televisions today. (o Increase i the price of televisions today. ® decrease in the demand for televisions today decrease in the supply of televisions today How sure are you of your answer? Click below to move forward Just A GuRSSs Pretty Sure Very Sure

Answer 1

Question 1. An anticipation of decrease in price of television tomorrow will cause the demand of television to decline today. This is due the fact that demand increases when price decreases.

So answer is option (c).

Question 2. For a monopolist , profit is maximised when marginal revenue is equal to marginal cost. (MR = MC)

So the monopolist should charge $23. (It is the point on the graph when MR curve and MC curve meet. )