Biology Forums - Study Force

Other Fields Homework Help Economics Topic started by: JohnCena494 on Oct 3, 2022


Title: The diagram below shows total revenue for a single-price monopolist.FIGURE 10-3Refer to Figure 10-3. ...
Post by: JohnCena494 on Oct 3, 2022

The diagram below shows total revenue for a single-price monopolist.

Short description: A graph plots quantity against total revenue in dollars. Long description: The horizontal axis represents quantity. The vertical axis represents total revenue in dollars. The graph plots a curve. The curve resembles a downward parabola representing TR. It begins at the origin and ends at Q subscript 4 on the horizontal axis. Vertical dashed lines are extended from the curve to meet the horizontal axis at Q subscript 1, Q subscript 2, and Q subscript 3.

FIGURE 10-3

Refer to Figure 10-3. The firm's marginal revenue at Q1 is



▸ positive but falling.

▸ positive and rising.

▸ zero.

▸ negative and falling.

▸ not determinable from the diagram.

Title: The diagram below shows total revenue for a single-price monopolist.FIGURE 10-3Refer to Figure 10-3. ...
Post by: frithne on Oct 3, 2022
Content hidden


Powered by SMF | SMF © 2015, Simple Machines