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The monopolist Mr. Pop It Right is considering whether it is worthwhile producing an additional 25 units per day of his large bags of popcorn.

The monopolist Mr. Pop It Right is considering whether it is worthwhile producing an additional 25 units per day of his large bags of popcorn. Doing so would cost him an additional $46 in total. He is currently selling 56 bags per day at $3.90 each. In order to sell the additional 25 bags every day, however, he would have to lower his price to $3.20. What do you recommend?Round your answers to one decimal place.

Previous total revenue:Answer ?

New total revenue:Answer ?

His additional revenue, therefore isAnswer ?, which is:greater then or less than ?

the additional cost of $46, so heshould produce or not produce?

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