Order Your Paper From the most reliable Essay writing Service. 

.

 



Can someone help me solve and explain numers 4,5,and 6 please?
I’m having trouble understanding it. Thanks!Question: Can someone help me solve and explain numers 4,5,and 6 please?I'm having trouble understanding i...

Show transcribed image text Suppose a monopoly pharmaceutical company produces a drug and sells 100 prescriptions for $80 each. In order to sell 101 prescriptions, the monopolist must lower the price to $79 per prescription. The marginal revenue of the 101st prescription is: A) $79. B) $-21. C) $7979. D) $1. Hypothetical monopoly costs and revenue Indicate if the following statement is True or False. In the above Table 9.2, using marginal approach a monopolist will produce 2 units to maximize profit: A) True. B) False. In the above Table, a monopolist will charge a price of to maximize profit: A) $450. B) $400. C) $350. D) $300.

Suppose a monopoly pharmaceutical company produces a drug and sells 100 prescriptions for $80 each. In order to sell 101 prescriptions, the monopolist must lower the price to $79 per prescription. The marginal revenue of the 101st prescription is: A) $79. B) $-21. C) $7979. D) $1. Hypothetical monopoly costs and revenue Indicate if the following statement is True or False. In the above Table 9.2, using marginal approach a monopolist will produce 2 units to maximize profit: A) True. B) False. In the above Table, a monopolist will charge a price of to maximize profit: A) $450. B) $400. C) $350. D) $300.