Suppose that a cinema that has a monopoly in a small town plans to increase their capacity from 20 to 21 seats and decrease the ticket price from $16 to $15. Marginal revenue for the twenty first ticket is: Select an answer and submit. For keyboard navigation, use the up/down arrow keys to select an answer. a $5 b -$5 $31 d -$31 $15 e f -$15 $16 -$16

Principles of Microeconomics
7th Edition
ISBN:9781305156050
Author:N. Gregory Mankiw
Publisher:N. Gregory Mankiw
Chapter15: Monopoly
Section: Chapter Questions
Problem 2CQQ
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Suppose that a cinema that has a monopoly in a small town plans to increase their capacity from 20 to 21 seats and decrease the
ticket price from $16 to $15. Marginal revenue for the twenty first ticket is:
Select an answer and submit. For keyboard navigation, use the up/down arrow keys to select an answer.
a
$5
b -$5
$31
d
-$31
e
$15
f
-$15
$16
-$16
Transcribed Image Text:Suppose that a cinema that has a monopoly in a small town plans to increase their capacity from 20 to 21 seats and decrease the ticket price from $16 to $15. Marginal revenue for the twenty first ticket is: Select an answer and submit. For keyboard navigation, use the up/down arrow keys to select an answer. a $5 b -$5 $31 d -$31 e $15 f -$15 $16 -$16
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