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Give a numerical example to...

Eco homework question

Give a numerical example to show that a monopolist’s marginal revenue can be upward-sloping over part of its range. Hint: The price on the demand curve is the producer’s average revenue. Think of the graphic in Chapter 4 that showed the possibility of declining average costs while marginal costs were increasing.

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Submitted by Kumail Raza on Sun, 2012-04-22 14:40
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Answer file is attached. Feel free to contact on any query

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xxxxxx xxxxxxx marginal xxxxxxx xxxxx

In order xx xxx xx xxxxxx xxxxxxx marginal xxxxxxx xxxxxx xx xx necessary xxx the xxxxxx xxxxx xx xx xxxxxx sloping.  This is xxxxxxx the xxxxxxxx revenue xxxxx always has xxxxx xxx slope of xxx demand xxxxxx  xxxxxxx way xx think xxxxx this, xx xxxx the demand curve always follows, xx xxxxxx the xx curve, xx xx xxx MR xx xxxxxx sloping, xxx demand curve will have to xx xx xxxxx  xxxxx let's go xxxxxxx x numerical example, showing xx xxxxxx xxxxxxx demand curve, and how xx xxxxxxxxx the xxxxxxxxxx xx xxxxxxxx

xxxxxxxxxxxxxxxx

Price

Quantity

Total xxxxxxx

xxxxxxxx xxxxxxx

1

x

1

x

x

x

3

3

3

x

5

4

4

xx

x

x

x

25

9

x

x

36

xx

x

7

49

xx

xxx xxx xxx xxxx this table xxxx the resulting xxxxxx curve will be upward sloping,

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Answer
Submitted by ANANDH on Sun, 2012-04-22 19:58
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Monopoly MR upward sloping _ All requirements covered (100% Satisfaction Guaranteed)

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5. xxxx x xxxxxxxxx xxxxxxx xx show xxxx x xxxxxxxxxx’s xxxxxxxx revenue xxx xx upward-sloping xxxx part of xxx xxxxxx xxxxx The xxxxx xx xxx demand xxxxxx is the producer’x average xxxxxxxx Think xx xxx xxxxxxx xx xxxxxxx x xxxx showed xxx xxxxxxxxxxx of declining xxxxxxx costs while marginal costs were increasing.

xxx monopolist xxxxxxxx xxxxxxx can be upward sloping xxxx xxx xxxxxx for the product xx sloping upward. Giffen goods are only xxxxx xxxxx demand xxxxxx are xxxxxx xxxxxxx so the marginal xxxxxxx xxx giffen goods xxxx be xxxxxxx xxxxxxx

Example,

Price x xxx x xxx

xx x 100Q + xxxx

MR = xxx + xxxx


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