Monopolist''s marginal income can be upward-sloping

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Reference no: EM1313712

Q1. Give a numerical example to Explain how which a monopolist's marginal income can be upward-sloping over part of its range.

Q2. In the model of a dominant firm, Suppose which the fringe delivery curve is Q = -1 + 0.2P, where P is market price also Q is output. Demand curve is given by Q = 11 - P.

Q3. Suppose you have $500 in savings when the price level index is 100. If inflation pushes the price level up to 10%, illustrate what will be the real value of your savings.

Reference no: EM1313712

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