DE Assume the on-campus demand for soda is as shown in the following table. Calculate total...

 

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DE Assume the on-campus demand for soda is as shown in the following table. Calculate total revenue and marginal revenue and then answer two questions about price in a perfectly competitive market and a monopolistic market. Instructions: Round your responses to two decimal places. If you are entering any negative numbers be sure to include a negative sign (-) in front of those numbers. 1 Price (S per Can) Quantity Demanded (per Day) Total Revenue Marginal Revenue (S per Can) $2.25 30 S 67.50 2.00 40 $ 80.00 1.75 50 S 87.50 1.50 60 $ 90.00 1.25 70 $ 87.50 1.00 80 $ 80.00 0.75 90 $ 67.50 0.50 100 S 50.00 If the marginal cost of supplying a soda is constant and equal to $0.75, what price will students end up paying in a. a perfectly competitive market? per can b. a monopolized market? per can DE Assume the on-campus demand for soda is as shown in the following table. Calculate total revenue and marginal revenue and then answer two questions about price in a perfectly competitive market and a monopolistic market. Instructions: Round your responses to two decimal places. If you are entering any negative numbers be sure to include a negative sign (-) in front of those numbers. 1 Price (S per Can) Quantity Demanded (per Day) Total Revenue Marginal Revenue (S per Can) $2.25 30 S 67.50 2.00 40 $ 80.00 1.75 50 S 87.50 1.50 60 $ 90.00 1.25 70 $ 87.50 1.00 80 $ 80.00 0.75 90 $ 67.50 0.50 100 S 50.00 If the marginal cost of supplying a soda is constant and equal to $0.75, what price will students end up paying in a. a perfectly competitive market? per can b. a monopolized market? per can

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In a perfectly competitive market students will end up paying 075 per can b In a monopolistic market ... View the full answer