Eyeglasslux is a single-price monopolist in the eye-glass frame market. It faces a Market demand given in the table below. Its only cost is a Marginal Cost of MC=61. What is the Price Effect when the quantity increases from 2 to 3? Enter a number only, drop the $ sign. 0 $563 1 $441 2 $324 3 $230 4 $152 $62

Eyeglasslux is a single-price monopolist in the eye-glass frame market. It faces a Market demand given in the table below. Its only cost is a Marginal Cost of MC=61. What is the Price Effect when the quantity increases from 2 to 3? Enter a number only, drop the $ sign. 0 $563 1 $441 2 $324 3 $230 4 $152 $62

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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