Homework Answers
For a monopolist , if marginal revenue is $40 , total revenue is positive and when MR is zero ,then TR is maximum and when MR is negative, then TR is decreasing. Hence, option(D) is correct.
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For a monopolist, if marginal revenue is $40, total revenue is decreasing negative zero Positive Increasing
please explain the answers step by step and show any curves possible For a pure monopolist...
please explain the answers step by step and show any
curves possible
For a pure monopolist the relationship between total revenue and marginal revenue is such that: A) marginal revenue is positive when total revenue is at a maximum. B) total revenue is positive when marginal revenue is increasing, but total revenue becomes negative when marginal revenue is decreasing. marginal revenue is positive when total revenue is increasing, but marginal revenue becomes negative when total revenue is decreasing. marginal revenue...
A certain monopolist has a positive marginal cost of production. Despite this fact, the monopolist decides...
A certain monopolist has a positive marginal cost of production. Despite this fact, the monopolist decides to produce a quantity of output that maximizes total revenues. Assume that the marginal revenue curve for this monopolist always has a negative slope. Then the monopolist Group of answer choices is minimizing its profits. produces less output than it would if it maximized profits. produces the same output that it would if it maximized profits. produces an output where marginal revenue is strictly...
When marginal revenue is positive, O All of these options are correct. O Increasing price will increase total revenue....
When marginal revenue is positive, O All of these options are correct. O Increasing price will increase total revenue. O marginal revenue is greater than price O demand is elastic.
Use total revenue to calculate marginal revenue for a monopolist Question Calculate marginal revenue for Q...
Use total revenue to calculate marginal revenue for a monopolist Question Calculate marginal revenue for Q = 7. Quantity (Q) Marginal Revenue (MR) 2 Total Revenue (TR) 200 500 900 1200 1400 1500 1400 1300 5 7 8 Provide your answer below: MR= FEEDBACK MORE INSTRUCTION SUBMIT
A profit-maximizing monopolist will continue expanding output as long as: o marginal revenue exceeds marginal cost....
A profit-maximizing monopolist will continue expanding output as long as: o marginal revenue exceeds marginal cost. o marginal revenue is positive. o the cost of producing an additional unit exceeds the marginal revenue derived from the unit. o economic profit is more than zero.
QUESTION 22 Why is the marginal revenue curve of a monopolist downward sloping? Because marginal revenue...
QUESTION 22 Why is the marginal revenue curve of a monopolist downward sloping? Because marginal revenue curves are downward sloping regardless of market structure. Because the monopolist can choose how many units to sell. Because the price of existing units falls when the monopolist chooses to sell more units. Because the price of existing units rises when the monopolist chooses to sell more units. QUESTION 23 Marginal revenue for a monopolist will only be positive if: it equals the market...
QUESTION 1 Total revenue decreases as output increases whenever: a. marginal revenue is negative O b.marginal...
QUESTION 1 Total revenue decreases as output increases whenever: a. marginal revenue is negative O b.marginal revenue is less than average revenue c. average revenue is decreasing O d.marginal revenue is greater than average revenue Oe. average revenue is negative
QUESTION 1 Marginal Revenue ($) Marginal Cost ($) Revenue ($) Table: Profit-Maximizing Monopolist Price Quantity Total...
QUESTION 1 Marginal Revenue ($) Marginal Cost ($) Revenue ($) Table: Profit-Maximizing Monopolist Price Quantity Total Average ($) (Units) Cost ($) Cost ($) 11 17 10 19 9 8 21 8 9 23 7 10 25 7 Reference: Ref 13-2 to the table. When this monopolist sells 8 units, its average cost and marginal cost levels are: (Table: Profit-Maximizing Monopolist) A. $2.56 and $2 respectively. B. $2.63 and $2 respectively. C. $2.56 and 54 respectively. OD. $2.63 and 54 respectively.
The monopolist chooses to produce: O at an inefficient outcome. where marginal cost equals marginal revenue....
The monopolist chooses to produce: O at an inefficient outcome. where marginal cost equals marginal revenue. at a lower quantity than the perfectly competitive firm. O All of these statements are true. In the short run, monopolistically competitive firms: will earn zero economic profits by acting like a monopolist. O can earn positive economic profits by acting like a perfectly competitive firm. will earn zero economic profits by acting like a perfectly competitive firm. can earn positive economic profits by...
QUESTION 3 Marginal Revenue ($) Marginal Cost (5) Revenue (5) Table: Profit-Maximizing Monopolist Price Quantity Total...
QUESTION 3 Marginal Revenue ($) Marginal Cost (5) Revenue (5) Table: Profit-Maximizing Monopolist Price Quantity Total Average ($) (Units) Cost ($) Cost ($) 11 6 17 10 7 19 9 8 21 8 9 23 17 10 25 Reference: Ref 13-2 (Table: Profit-Maximizing Monopolist) Refer to the table. The profit-maximizing quantity for this monopolist is units O A7 OB.9 OC. 10 D.8
please explain the answers step by step and show any
curves possible
For a pure monopolist the relationship between total revenue and marginal revenue is such that: A) marginal revenue is positive when total revenue is at a maximum. B) total revenue is positive when marginal revenue is increasing, but total revenue becomes negative when marginal revenue is decreasing. marginal revenue is positive when total revenue is increasing, but marginal revenue becomes negative when total revenue is decreasing. marginal revenue...
When marginal revenue is positive, O All of these options are correct. O Increasing price will increase total revenue. O marginal revenue is greater than price O demand is elastic.
Use total revenue to calculate marginal revenue for a monopolist Question Calculate marginal revenue for Q = 7. Quantity (Q) Marginal Revenue (MR) 2 Total Revenue (TR) 200 500 900 1200 1400 1500 1400 1300 5 7 8 Provide your answer below: MR= FEEDBACK MORE INSTRUCTION SUBMIT
A profit-maximizing monopolist will continue expanding output as long as: o marginal revenue exceeds marginal cost. o marginal revenue is positive. o the cost of producing an additional unit exceeds the marginal revenue derived from the unit. o economic profit is more than zero.
QUESTION 22 Why is the marginal revenue curve of a monopolist downward sloping? Because marginal revenue curves are downward sloping regardless of market structure. Because the monopolist can choose how many units to sell. Because the price of existing units falls when the monopolist chooses to sell more units. Because the price of existing units rises when the monopolist chooses to sell more units. QUESTION 23 Marginal revenue for a monopolist will only be positive if: it equals the market...
QUESTION 1 Total revenue decreases as output increases whenever: a. marginal revenue is negative O b.marginal revenue is less than average revenue c. average revenue is decreasing O d.marginal revenue is greater than average revenue Oe. average revenue is negative
QUESTION 1 Marginal Revenue ($) Marginal Cost ($) Revenue ($) Table: Profit-Maximizing Monopolist Price Quantity Total Average ($) (Units) Cost ($) Cost ($) 11 17 10 19 9 8 21 8 9 23 7 10 25 7 Reference: Ref 13-2 to the table. When this monopolist sells 8 units, its average cost and marginal cost levels are: (Table: Profit-Maximizing Monopolist) A. $2.56 and $2 respectively. B. $2.63 and $2 respectively. C. $2.56 and 54 respectively. OD. $2.63 and 54 respectively.
The monopolist chooses to produce: O at an inefficient outcome. where marginal cost equals marginal revenue. at a lower quantity than the perfectly competitive firm. O All of these statements are true. In the short run, monopolistically competitive firms: will earn zero economic profits by acting like a monopolist. O can earn positive economic profits by acting like a perfectly competitive firm. will earn zero economic profits by acting like a perfectly competitive firm. can earn positive economic profits by...
QUESTION 3 Marginal Revenue ($) Marginal Cost (5) Revenue (5) Table: Profit-Maximizing Monopolist Price Quantity Total Average ($) (Units) Cost ($) Cost ($) 11 6 17 10 7 19 9 8 21 8 9 23 17 10 25 Reference: Ref 13-2 (Table: Profit-Maximizing Monopolist) Refer to the table. The profit-maximizing quantity for this monopolist is units O A7 OB.9 OC. 10 D.8
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