A. the revenue gain from the last unit sold is offset by a revenue loss on the units that previously had been sold at a higher price. B. the revenue gain from the last unit sold is offset by further gains in price on units not sold at all. C. total revenue always decreases as out...
In pure monopoly, what is the relation between the price and the marginal revenue? Explain the importance of price discrimination and two-part tariff pricing to a monopolist. Explain the economic fundamentals necessary for a monopoly to charge a higher p...
A monopoly consists of a single seller who serves the entire market. Therefore, the monopolist faces a downward sloping market demand curve, and must lower the price in order to sell more units.Answer and Explanation: The marginal revenue curve for a monopolist is derived by differentiating the...
Profits for the monopolist, like any firm, will be equal to total revenues minus total costs. The pattern of costs for the monopoly can be analyzed within the same framework as the costs of a perfectly competitive firm—that is, by using total cost, fixed cost, variable cost, marginal ...
LOC: Monopoly TOP: Marginal revenue MSC: Applicative 相关知识点: 试题来源: 解析 D 边际收益(MR)是多卖出一单位产品带来的总收益变化。计算步骤如下:1. 计算销售200单位的总收益:TR₁ = 200 × 36 = 72002. 计算销售201单位的总收益:TR₂ = 201 × 35.80 = 201×35.80 = 7195.803. 计算边际收益...
anaturein naturein[translate] aA monopolist’s marginal revenue curve always lies below its demand curve. 垄断者的边际收入曲线在它的需求曲线之下总说谎。[translate] a柚子中轴线 柚子中轴线[translate] a这让我觉得温暖 正在翻译,请等待...[translate] ...
At its current production level, a monopolist's marginal revenue is $20 and its marginal cost is $10. Which of the following statements is correct? The monopolist should produce and sell more output. (Figure: Costs and Demand for a Monopolistic Competitor) The total cost of producing the pro...
The profit maximizing output level of a monopolist occurs where marginal revenue equals marginal cost. Marginal revenue is always less than price under imperfectly competitive markets because to sell an extra unit of output the firm must lower the price of all units, not just the marginal one.3...
In economic jargon, the situation we are describing is closer to price discrimination. A monopolist capable of discriminating may extract even more consumer surplus, and thus further increase his profits, with respect to simple, uniform monopoly pricing. In our examples, the discrimination is performe...
For a monopolist, A. the elasticity of the demand is irrelevant because he has all the market power. B. the lower the elasticity of demand, the lower should he set his price. C. the higher the elasticity of the demand, the...