Numbers and Graphs: Monopoly (Ch 10) Use the purple rectangle (diamond symbols) to shade the area representing the revenue lost from selling fewer units of output. Then use the green rectangle (triangle symbols) to shade the area representing the revenue gained from selling each unit of output at a higher price. 100 90 Revenue Lost 70 Revenue Gained Xx- 60 50 40 30 Demand 20 10 40 00 100 120 140 160 100 200 20 QUANTITY (Unts) (Hint: Enter the negative sign, if necessary.) This monopolist's marginal revenue equals PRICE (Dolars)
Numbers and Graphs: Monopoly (Ch 10) Use the purple rectangle (diamond symbols) to shade the area representing the revenue lost from selling fewer units of output. Then use the green rectangle (triangle symbols) to shade the area representing the revenue gained from selling each unit of output at a higher price. 100 90 Revenue Lost 70 Revenue Gained Xx- 60 50 40 30 Demand 20 10 40 00 100 120 140 160 100 200 20 QUANTITY (Unts) (Hint: Enter the negative sign, if necessary.) This monopolist's marginal revenue equals PRICE (Dolars)
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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