Refer to the table below for Nina. What is the change in total revenue if she lowers the price from $20 to $18?

The table shows the demand schedule facing Nina, a monopolist selling baskets.







A. $10

B. $20

C. $30

D. $40

C. $30

Economics

You might also like to view...

The demand for current consumption, as plotted against current income, shifts to the right due to all of the following except

A) a decrease in current taxes. B) a decrease in future taxes. C) an increase in current income. D) an increase in future income.

Economics

Assume that the central bank purchases government securities in the open market. If the nation has highly mobile international capital markets and a flexible exchange rate system, what happens to the quantity of real loanable funds per time period and reserve-related (central bank) transactions in the context of the Three-Sector-Model?

a. There is not enough information to determine what happens to these two macroeconomic variables. b. The quantity of real loanable funds per time period rises, and reserve-related (central bank) transactions remains the same. c. The quantity of real loanable funds per time period rises, and reserve-related (central bank) transactions become more positive (or less negative). d. The quantity of real loanable funds per time period falls, and reserve-related (central bank) transactions become more negative (or less positive). e. The quantity of real loanable funds per time period and reserve-related (central bank) transactions remain the same.

Economics