FREE Trial
Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

If eatgluten sells 6 million glutenme pills what will it's marginal revenue be? Consider Table 10.1: Average, total, and marginal revenue for the monopolist EatGluten.

image text in transcribed

If eatgluten sells 6 million glutenme pills what will it's marginal revenue be?

image text in transcribed
Consider Table 10.1: Average, total, and marginal revenue for the monopolist EatGluten. If EatGluten sells 6 million Glutenme pills, what will its marginal revenue be? Table 10.1: Average, total, and marginal revenue for a monopolist Units sold Price (Average revenue) Total revenue Marginal revenue $65 O O O $64 $64 126 186 240 290 336 NO 378 416 450 480

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Macroeconomics

Macroeconomics

Authors: Michael Parkin

10th Edition

013485330X, 978-0134853307

More Books

Students also viewed these Economics questions

Question

★★★★★
Consider the following statement: Currently, interest rates are very low. Because everyone knows that the Fed will raise rates at some point, the policy will have no effect when it happens. Do you...

Answered: 1 week ago

Question

★★★★★
Five years ago, Jason purchased a $400,000 life insurance policy on his life. For each of the following, indicate how much of the $400,000 policy proceeds are included in his gross estate. a. The...

Answered: 1 week ago

Question

★★★★★
=+44. Smokestack scrubbers. Particulate matter is a serious form of air pollution often arising from industrial production. One way to reduce the pollution is to put a filter, or scrubber, at the end...

Answered: 1 week ago

Question

★★★★★
From an ethical perspective, if LJL had been allowed to invoke the right-to-cure provision, could it have undone its wrongdoing so that the franchise relationship could have continued? Why or why...

Answered: 1 week ago

Question

★★★★★
When should you collect the system time from BIOS? A . Collect the system time first from the OS , then compare it to the BIOS time B . Only after all storage media ( HDDs , floppy disks, flash...

Answered: 1 week ago

Question

★★★★★
1. If a federal law or policy is perceived as weak or ineffective, should a state have the right to legislate in that area without federal intervention? 2. Arizonas law affected Arizona alone and was...

Answered: 1 week ago

Question

★★★★★
State the decision and the reason \"Essay Problem 1: Alice Smith purchased a toy chest at Target. Once she got home. she carefully followed the instructions provided by the manufacturer, Let's Play!,...

Answered: 1 week ago

Question

★★★★★
Refer to Figure 12-4. Potential GDP equals $500 billion. The economy is currently producing GDP1 which is equal to $400 billion. If the MPC is 0.8, then how much must autonomous spending change for...

Answered: 1 week ago

Question

★★★★★
Paul Simon shoots a .2 kg puck at 25 m/s and Patrick Roy catches the puck for .3 seconds. How much force does Patrick Roy absorb?

Answered: 1 week ago

Question

★★★★★
Question 4. (11 points) Assume that a closed economy is characterized by the following equations: Consumption: C = 100 + (2/3) (Y -T) Tax: T = 600 Government spending: G = 500 Investment: I = 800 -...

Answered: 1 week ago

Question

★★★★★
1.Suppose you have two part-time jobs, Restaurant Server and Uber Driver. After younger servers start working for less, employers pay only $11 instead of $14 per hour. What happens to your supply of...

Answered: 1 week ago

Question

★★★★★
Problem 1 - Brinell E Rockwell El Bookmark this page Test clue Jul 2?, 202212200 {33 Brinell 8. Rockwell D.Dl'2. points [gradedl Brinell s Rockwell lBaRl is a high-end manufacturer of cutting and...

Answered: 1 week ago

Question

★★★★★
QUESTION TWO The following is the existing capital structure of Company XYZ Ltd. Ordinary shares at Shs.10 par Retained 12% preference shares Shs.10 par 16% loan Shs.100 par Total capital employed...

Answered: 1 week ago

Question

★★★★★
Self-confidence

Answered: 1 week ago

Question

★★★★★
The number of people commenting on the statement

Answered: 1 week ago

Question

★★★★★
3. Choose a social incident in your local area. (a) List three points that you believe are the cause of the social incident and develop a model that shows a linear relationship. (b) What is the...

Answered: 1 week ago

Previous Question Next Question