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Microeconomics Final - Part 2 of 3!
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Problem 1
Problem 2
Problem 3
Problem 4
Problem 5
Problem 6
Problem 7
Problem 8
Problem 9
Problem 10
Problem 11
Problem 12
Problem 13
Problem 14
Problem 15
Problem 16
Problem 17
Problem 18
Problem 19
Problem 20
Problem 21
Problem 22
Problem 23
Problem 24
Microeconomics Final - Part 2 of 3!
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12. Monopoly / Monopoly Revenue / Problem 3
Problem 3
A monopoly firm changes its price from \$22 to \$18, increasing sales from 250 units to 350 units. Calculate the change in total revenue.
A
Total revenue remains the same
B
Total revenue increases by \$400
C
Total revenue decreases by \$800
D
Total revenue increases by \$800
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