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allochka39001 [22]
2 years ago
15

If a monopolist can sell 7 units when the price is $4 and 8 units when the price is $3, then marginal revenue of selling the eig

hth unit is equal to Group of answer choices $3. $4. $24. -$4.
Mathematics
1 answer:
pychu [463]2 years ago
5 0

The marginal revenue of selling the eighth unit is $-4.

A monopolist is the only producer in the industry. A monopolist operates in a monopoly. The monopolist sets the market price of their products.

Marginal revenue is the change in total revenue when quantity sold increases by one unit.

Marginal revenue = change in total revenue / change in quantity sold

change in total revenue = ($3 x 8) - ($4 x 7) = $-4

change in quantity sold = 8 - 7 = 1

Marginal revenue = $-4 / 1 = $4

A similar question was answered here: brainly.com/question/15566669

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What is 3x²+5x+25 when x equals 3
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8 0
3 years ago
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5
Dimas [21]

Answer:

0.150 < (Proportion of Sandy's pie) < 0.167

15% < (Percentage of Sandy's pie) < 16.7%

Step-by-step explanation:

Total percentage of pie = 100% or 1

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George ate a fraction of 0.150

Michelle ate a fraction of (1/6) = 0.167

Carlos ate a fraction of (1/7) = 0.143

The amount of pie left = 1 - 0.15 - (1/6) - (1/7) = 0.5405

And Sandy is known to eat more than two of her friends, but less than one of them.

Of the amount of pie eaten by the first 3 friends, (1/6) is the highest proportion.

Hence, it is evident that Sandy ate more than 0.143 and 0.150 (Carlos and George) but less than Michelle (0.167).

So, mathematically, the possible proportion of cake that Sandy ate is

0.150 < (Proportion of Sandy's pie) < 0.167

Hope this Helps!!!

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3 years ago
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4 0
3 years ago
Can a triangle have two obtuse angles? please Justify your answer.
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Step-by-step explanation:

8 0
3 years ago
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