Suppose Neds Beds does not have to lower the price in order to sell more beds. Specifically,
Question:
a. What will Neds MR curve look like?
b. In Table, how would you change the numbers in the marginal revenue column to reflect the constant price for beds?
c. Using the marginal cost and new marginal revenue numbers in Table, find the number of beds Ned shouldsell.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Related Book For
Macroeconomics Principles and Applications
ISBN: 978-1133265238
5th edition
Authors: Robert e. hall, marc Lieberman
Question Posted: