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=96. What is the Price Effect when the quantity increases from 2 to 3? Enter a number only, drop the $ sign. Q P O $530 1 $476 2 $316 3 $286 4 $140 5 $57

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=96. What is the Price Effect when the quantity increases from 2 to 3? Enter a number only, drop the $ sign. Q P O $530 1 $476 2 $316 3 $286 4 $140 5 $57

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Co. XYZ manufactures a productand sells it for $8 per unit. Her fixedcosts are $5,000 and her variablecost per unit is given by the equationCalculate the equilibrium quantity qalgebraically. 2.444 (X)-2200 A. (q-800) B. q=900 C. (q 650) D. None of the above In the previous problem (27), calculate the amount ofequilibrium Total Income. A. 4,500 B.$3,000 C. $7,200 D. $9,000 In the above problem (27), calculate thebreak-even Total Cost amount. A. 4,500 B. $3,000 C. $9,200 D. 7,200 In the previous problem (27)determine the profit when q-1800.modes of A. $4,500 B. 5,000 C.$6,000 D. 7,000 In the previous problem (27), determine the gain when q-450. A. $2,500 B. -$2,500 C.$6,000 D. -$4,500 In the aboveproblem (27), find the required output (q), to make a profit of$10,000. A. 3,000 B. 4,000 C. 2,500D. 2,700
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