33. Figure: Demand Curve Price 10 9 8 7 6 5 сл 4 3 2 1 0 I I I T A B C D O D. OD - B. E Demand 12 34 5 6 7 8 9 10 Quantity In this figure, the marginal revenue of the third unit is given by area: O D+ C + E. C + D.

33. Figure: Demand Curve Price 10 9 8 7 6 5 сл 4 3 2 1 0 I I I T A B C D O D. OD - B. E Demand 12 34 5 6 7 8 9 10 Quantity In this figure, the marginal revenue of the third unit is given by area: O D+ C + E. C + D.

Principles of Economics 2e

2nd Edition

ISBN:9781947172364

Author:Steven A. Greenlaw; David Shapiro

Publisher:Steven A. Greenlaw; David Shapiro

Chapter9: Monopoly

Section: Chapter Questions

Problem 5SCQ: Suppose demand for a monopolys product falls 50 that its profit-maximizing price is below average...

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Question

33. Figure: Demand Curve
Price
10
9
8
7
6
5
сл
4
3
2
1
0
I
I
I
T
A
B
C
D
O D.
OD - B.
E
Demand
12 34 5 6 7 8 9 10 Quantity
In this figure, the marginal revenue of the third unit is given by area:
O D+ C + E.
C + D.

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