if a monopolist can find buyers for 4 units at a price of $7, and if the marginal revenue due to the 5th unit is $2, the highest price at which the monopolist can find buyers for 5 units must be a. $2. b. $3. c. $4. d. $5. e. $6.

Question

21-10-2022
Business

Answered

if a monopolist can find buyers for 4 units at a price of $7, and if the marginal revenue due to the 5th unit is $2, the highest price at which the monopolist can find buyers for 5 units must be a. $2. b. $3. c. $4. d. $5. e. $6.

Answer :

Other Questions

The deadweight loss that arises from u monopoly is a consequence of the fact that the monopoly a. price equals marginal revenue. b. price is the same as average

when a tax is levied on a good, the buyers and sellers of the good share the burden,

A retailer marks up the price of a coffee mug from $6.25 to $8.77. by what percent did the price increase? round to two decimal places.a.28.73%b.39.68%c.40.32%d

pricing is the determination of an exchange price at which the seller perceives optimum value for a good or service.

All of the following are needed for the calculation of straight-line depreciation except:a. costb. residual valuec. estimated lifed. units produced

What is the monthly finance charge if the average daily balance is $15, the daily periodic rate is 0.06%, and the number of days in the cycle is 30? a. 27¢ b. 4

1. Why do you think the mathematical models used by insurance companies are so complex? | 2. What is at stake if an insurance company's models aren't particular

Which one of the following provides the greatest tendency to increase the percentage of debt included in a company's optimal capital structure? a.Minimal taxabl

at the broadest level, the financial system moves the economy’s scarce resources from

shomerajeshwari90 shomerajeshwari90 · Answer 1 · 2022-10-29T14:09:46-04:00

Maximum price at which the monopolist can find buyers for 5 units is $6, because it is the price per unit beyond which no one will pay. Therefore, the correct option is (e).

Given,

Units = 4

Price per unit = $7

Total revenue = 4*$7 = $28

Marginal revenue from 5th unit = $2

Total revenue = $28+$2 = $30

Price per unit = $30/5 = $6

An individual, entity, or organization that totally monopolizes the market for a specific service or product is known as a monopolist. A monopolist is inclined to support legislation that reinforces monopolies since it offers them more dominance. Due to the lack of rivalry, a monopolist has no incentive to improve their products. Instead, they are driven by a desire to safeguard the monopoly.

Learn more about monopolist here:

https://brainly.com/question/14055453

#SPJ4