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amid [387]
4 years ago
8

A monopolist can sell 26,000 units at a price of $30 per unit. lowering price by $1 raises the quantity demanded by 1,000 units.

what is the change in total revenue resulting from this price change?
a. $1,500
b. $3,000
c. $5,500
d. -$2,800
Business
1 answer:
Nutka1998 [239]4 years ago
7 0
If he sells the shares at 30 per unit, the equation would be:
30*26000=780000

If he lowers the price to 29 per unit and ups the demand by 1k, it would be:
29*27000=783000

The resulting change would net him an additional 3000 dollars, so your answer would be B.
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The factor that affecting profits to a business that have the most control is the expenses.

<h3>How expenses affect profit?</h3>

The expenses play the major role to affect the profit of business organizations, as it is clear that if the firm incurred more expenses in various things that are not related to the business, then ultimately the profit level decreases, and vice-versa.

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2 years ago
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2 years ago
The best type of account for money you use to pay regular bills is
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Answer:

D

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tia_tia [17]

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