Top Posters
Since Sunday
A
6
j
6
c
5
m
5
C
5
d
5
s
5
n
4
i
4
d
4
d
4
J
4
Home Q & A Board Other Fields Homework Help Business Economics
New Topic  
hcraik2 hcraik2
wrote...
Go to Answer
Posts: 146
Rep: 0 0
A year ago
Marginal Revenue

The graph shows the demand curve for movie tickets at Reels & Meals Movie Theatre, which operates in a monopolistically competitive market.



Assume that P1=$13.75, P2=$18.50, Q1=120, and Q2=210. When the firm cuts price from $18.50 to $13.75, revenue ________ (increases/decreases) by ________ due to the output effect and revenue ________ (increases/decreases) by ________ due to the price effect.
Please round your final answer to two decimal places.

▸ increases, $1237.50, decreases, $570.00

▸ increases, $2887.50, increases, $2220.00

▸ decreases, $1237.50 increases, $570.00

▸ decreases, $2887.50, decreases, $2220.00
Textbook 
Macroeconomics

Macroeconomics


Edition: 3rd
Authors:
Read 65 times
1 Reply
Replies
Answer verified by a subject expert
fassfass
wrote...
#1
Posts: 143
Rep: 0 0
A year ago
Sign in or Sign up in seconds to unlock everything for free
More solutions for this book are available here
This verified answer contains over 140 words.
1

Related Topics

hcraik2 Author
wrote...

A year ago
Correct Slight Smile TY
alpheratz
wrote...

Yesterday
Brilliant ツ
ethom947
wrote...

2 hours ago
You make an excellent tutor!
New Topic      
Quick Reply
Explore
Post your homework questions and get free online help from our incredible volunteers
  1262 People Browsing
 122 Signed Up Today
Start New Topic Take the Tour CoursesNew Study Tools Topics Trending Browse by Textbook
Live Chat
Related Images
  
 896
  
 705
  
 285
Your Opinion
Do you believe in global warming?
Votes: 422
Previous poll results: Should Ph.D.'s be addressed as doctors?