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If a monopolistic firm (price searcher) can sell 9 units at a price of $100 each but must reduce its price to $80 in order to sell 10 units, then
A. Demand is inelastic and marginal revenue is negative
B. Marginal revenue is falling but is above price
C. Demand is elastic and marginal revenue is positive
D. $100 is the optimal price
question 1a i the subsequent equations relate to the market conditions for pullovers at a given point of timedemand
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Assume Hailey's Utility Function is U = x^2 y . The price of X is $8 per unit and the price of Y is $2 per unit. Her income is currently $240 / month. Determine her utility maximizing quantities of x and y. Suppose the price of X goes down to $4 per ..
Illustrate what is the meaning of economies of scope and explain how do they differ from economies of scale.
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