1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Ivahew [28]
3 years ago
5

A monopolist sells 2,000 units for $20 each. The total cost of 2,000 units is $30,000. If the price falls to $19, the number of

units sold increases to 2,100. The total cost of 2,100 units is $30,075. When the monopolist moves from a price of $20 to $19, the marginal revenue will:
Business
1 answer:
leonid [27]3 years ago
8 0

Answer:

Decrease by $1

Explanation:

Given:

Old data:

Q0 = 2,000 units

P0 = $20

Total revenue before change = 2,000 x $20 = $40,000

After change in Price.

Q1 = 2,100 units

P1 = $19

Total revenue After change = 2,100 x $19 = $39,900

Computation of Marginal Revenue:

Marginal Revenue = (P1 - P0) / (Q1 - Q0)

= ($39,900 - $40,000) / (2,100 - 2,000)

= -100 / 100

= $(-1)

Marginal revenue will decrease by $1

You might be interested in
What can give working people information about their fields, including conferences and leadership opportunities in those fields?
Semenov [28]

Answer:

a professional organization

Explanation:

A professional organization is formed to promote the growth of the profession and advance the interest of people working in that profession.

A professional organization is also known as a professional association. It facilitates communication and connection among its professionals. It supports innovations and creativity that help develop and grow the profession. Through their regular meeting, members of a profession share information on the trending issues, opportunities, and challenges affecting the profession.

8 0
2 years ago
Read 2 more answers
Do all states have income tax
Aloiza [94]

Answer:

not all of them

Explanation:

Most Americans file a state income tax return and a federal income tax return. The states with no income tax are Alaska, Florida, Nevada, South Dakota, Texas, Washington, and Wyoming. If you live in one of those seven states, or New Hampshire or Tennessee, you may not need to file a state return.

5 0
3 years ago
Read 2 more answers
While a business plan is a detailed document with many sections, its overall purpose is to describe the nature of the business,
sveta [45]

Answer:

.

Explanation:

6 0
2 years ago
As distribution manager, hassan is constantly gathering information about shipping rates, improvements in logistics analysis, an
Nastasia [14]

There are different kinds of roles in distribution. Hassan is playing the Monitor role.

<h3>What are the roles of a monitor? </h3>
  • A Monitors is known to be vital in overseeing compliance with an Integrity Pact that has been entered by the parties involved. They help to coordinate communication between the parties and also the public.

Monitors are given the powered to receive reports of any unfair practices and handle them as in the case with Hassan.

Learn more about Monitor role from

brainly.com/question/10794095

7 0
2 years ago
What is the word that refers to products that are intentionally made to be useless or break after a certain period?
Lady_Fox [76]
Is "Planned Obsolescence" the word(s)?
7 0
2 years ago
Other questions:
  • The face value of a note refers to the amount borrowed plus interest received at maturity from the maker. that can be received i
    5·1 answer
  • Mr. and Mrs. Yeager want to buy a home valued at $320,000. If they have 15% of this amount saved for a down payment, how much ha
    9·2 answers
  • Expansionary monetary policy Group of answer choices 1. lowers interest rates, causing aggregate demand to shift to the right. 2
    11·1 answer
  • Keith is a trainer for a new computer software company and is responsible for teaching people the skills required to use the var
    12·1 answer
  • Which term describes the act of working from a home, remote, or mobile location while connecting into the employer's private net
    10·1 answer
  • Ellis Company issues 6.5%, five-year bonds dated January 1, 2019, with a $250,000 par value. The bonds pay interest on June 30 a
    13·1 answer
  • Please help me with this!!
    11·1 answer
  • Consider each of the transactions below. All of the expenditures were made in cash.
    13·1 answer
  • Econo Nation started 2015 with no national budget debt or surplus. By the end of 2015, it had a budget surplus of $304 million;
    5·1 answer
  • Aulman Inc. has a number of divisions including a Furniture Division and a Motel Division. The Motel Division owns and operates
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!