Consider a monopoly where consumers are currently consuming where the marginal utility is 10 units of utility for the good. The price of the product is $5. The marginal cost of producing the good is $2.00. Then consider perfectly competitive firms where consumers are currently consuming where the marginal utility is 20 units of utility for the perfectly competitive product. The price of the product is $10. At current production levels, the marginal cost of producing the good is $10. Required:
a. Calculate the marginal utility per dollar spent by consumers in a monopolistic industry.
b. Calculate the consumer marginal utility per dollar of marginal cost for the monopoly.

Answer and Explanation:

a. The marginal utility per dollar spent  in a monopolistic industry is

= Marginal utility ÷ Price

= 10 ÷ 5

= 2 utils per dollar

b. The consumer marginal utility per dollar for the monopoly is

= Marginal utility ÷ Marginal cost

= 10 ÷ 2

= 5 utils per dollar

hence by using the above formulas, the above answers should be considered

there was no passage listed but using the process of elimination i'd say it was d. the high economy would do the opposite. i don't see how low prices would affect it. high unemployment is possible but i feel d is the better answer.

odd consecutive integers are odd integers that follow each other. they have a difference of 2 between every two numbers. if n is an odd integer, then n, n+2, n+4 and n+6 will be odd consecutive integers. the first number in the pattern is always the variable on its own or in this case, "n". examples.