--%>
Assignment Help - homework help

Determine marginal revenue in monopolist market

Assume that a monopolist can sell ten gallons of dehydrated water to backpackers of $10.00 each, however selling 11 gallons forces a price cut of $9.95. Then marginal revenue is: (w) $10.00. (x) $9.95. (y) $9.45. (z) $9.40.

Can anybody suggest me the proper explanation for given problem regarding Economics generally?

   Related Questions in Microeconomics

  • Q : Problem on perfectly competitive

    Can someone please help me in finding out the accurate answer from the following question. The profit-maximizing firm which is perfectly competitive in the resource market however which has the market power in output market will hire labor at a point where: (1) VMP =

    		•
  • Q : State Performance of Funds Performance

    Performance of Funds: The performance of funds mainly depends on how much diversification has been taken up by a portfolio manager and also if the company’s fundamentals have been assessed well and no hasty decision has been made on the basis of

    		•
  • Q : Total revenue of profit maximizing firm

    If this profit-maximizing firm as in given figure can’t price discriminate, in that case its total revenue will equal to: (w) $90,000 per month. (x) $112,000 per month. (y) $60,000 per month. (z) $120,0000 per m

    		•
  • Q : Tariffs Choose the right answer from

    Choose the right answer from following. Tariffs: A) may be imposed either to raise revenue (revenue tariffs) or to shield domestic producers from foreign competition (protective tariffs). B) are also called import quotas. C) are excise taxes on goods exported abroad.

    		•
  • Q : Pricing strategy In a competitive

    In a competitive pricing strategy how does one can arrive for a multi-service practice where there are no specific products in question?

    		•
  • Q : Effect of economic prosperity on demand

    Precisely predicting the effect of economic prosperity upon the demand for mass transit would be excellent facilitated by a good calculates approximately of the: (w) slope of the demand curve for mass transit. (x) price elasticity of

    		•
  • Q : Involvement of price makers firms

    Price-maker firms would most likely comprise: (1) a tomato farmer in California. (2) a sheep herder who produces wool in a remote part of New Zealand. (3) a stock broker who contacts customers through the internet. (4) a rural grocery store. (5) the b

    		•
  • Q : Quantity of good demanded A Rise in the

    A Rise in the quantity of frozen vegetarian lasagna demanded would be much probable to outcome from raises in the: (i) Cost of raw vegetables. (ii) Wages paid workers in lasagna developed plants. (iii) Number of people who perform strict vegetarianism. (iv) Costs of o

    		•
  • Q : Marginal cost of the service When

    When directory assistance adds to the variable costs of cell phone Company, in that case the efficient price for directory assistance from the vantage point of society as an entire would be: (w) zero. (x) one that covered the average

    		•
  • Q : Explain about minimum legal price A

    A minimum legal price is called a price: (1) floor. (2) guarantee. (3) foundation. (4) stabilizer. (5) subsidy. I need a good answer on the topic of Economic problems. Please give me your suggestion for the same by

    		•