Use the table given to answer the questions. Demand for Air Fryers at Ally's shop Price (P) Quantity (Q) 140 110 80 50 I 2 3 4 Total Revenue 140 220 240 200 Marginal Revenue 140 80 20 -40 What is the Output Effect of decreasing the price of air fryers from $110 to $80? $ 20 Incorrect What is the Discount Effect of decreasing the price of air fryers from $110 to $80? $ 60 < Feedback Your answer to the first blank is incorrect. To find the output effect, you have to calculate the increase in revenue coming from the sale of that additional unit. Macmillan Learning
Use the table given to answer the questions. Demand for Air Fryers at Ally's shop Price (P) Quantity (Q) 140 110 80 50 I 2 3 4 Total Revenue 140 220 240 200 Marginal Revenue 140 80 20 -40 What is the Output Effect of decreasing the price of air fryers from $110 to $80? $ 20 Incorrect What is the Discount Effect of decreasing the price of air fryers from $110 to $80? $ 60 < Feedback Your answer to the first blank is incorrect. To find the output effect, you have to calculate the increase in revenue coming from the sale of that additional unit. Macmillan Learning
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
Related questions
Question
Transcribed Image Text:Use the table given to answer the questions.
Demand for Air Fryers at Ally's shop
Price (P) Quantity (Q)
140
110
80
50
I
2
3
4
Total Revenue
140
220
240
200
Marginal Revenue
140
80
20
-40
What is the Output Effect of decreasing the price of air fryers from $110 to $80? $
20
Incorrect
What is the Discount Effect of decreasing the price of air fryers from $110 to $80? $
60
< Feedback
Your answer to the first blank is
incorrect. To find the output effect, you
have to calculate the increase in
revenue coming from the sale of that
additional unit.
Macmillan Learning
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