Sunday, January 25, 2009

Aplia Answers

1.1) i put 5 as the quantity
1.2) the firm must lower its selling price (not srure about this one, because of the thing about the monopoly, which was maybe make it be the one about produce more, sell more. )
1.3) True- price equals the average revenue
2) MR= change in TR over change in Q
3) False
4) D = both B and C (either this or just B, but pretty sure its both)
5) true (not totally sure)
6) $5, $3, $2
7) Q= 4

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