i urgent answer both Suppose that demand is Q(p)-2000-4p. Consider the marginal revenue curve of a monopolist who operates in this market.Assume that it is plotted on a two-axis graph in which the horizontal axis measures quantities and the vertical axis measuresmarginal revenue. What is the horizontal intercept of the marginal revenue curve?O 500O 750O 1000O 2000Ⓒ 250 Suppose that demand is Qip) 2000-4p. Consider the marginal revenue curve of a monopolist who operates in this market.Assume that it is plotted on a two-axis graph in which the horizontal axis measures quantities and the vertical axis measuresmarginal revenue. What is the vertical intercept of the marginal revenue curve?O 2000O 250O 500O 1000O 750

Marginal revenue measures the change in total revenue due to change in quantity. Marginal revenue is…

Suppose that demand is Q(p)-2000-4p. Consider the marginal revenue curve of a monopolist who operates in this market. Assume that it is plotted on a two-axis graph in which the horizontal axis measures quantities and the vertical axis measures marginal revenue. What is the horizontal intercept of the marginal revenue curve? O 500 O 750 O 1000 O 2000

Suppose that demand is Q(p)-2000-4p. Consider the marginal revenue curve of a monopolist who operates in this market. Assume that it is plotted on a two-axis graph in which the horizontal axis measures quantities and the vertical axis measures marginal revenue. What is the horizontal intercept of the marginal revenue curve? O 500 O 750 O 1000 O 2000

Principles of Microeconomics

7th Edition

ISBN:9781305156050

Author:N. Gregory Mankiw

Publisher:N. Gregory Mankiw

Chapter15: Monopoly

Section: Chapter Questions

Problem 7PA

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