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 80 70 60 Revenue Gained Demand 30 20 10 + 20 40 60 80 100 120 140 160 180 200 QUANTITY (Units) This monopolist's marginal revenue equals $ (Hint: Enter the negative sign, if necessary.) PRICE (Dollars)

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 80 70 60 Revenue Gained Demand 30 20 10 + 20 40 60 80 100 120 140 160 180 200 QUANTITY (Units) This monopolist's marginal revenue equals $ (Hint: Enter the negative sign, if necessary.) PRICE (Dollars)

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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