(Table: Demand Schedule for Gadgets) Look at the table Demand Schedule for Gadgets.The market for gadgets is dominated by two producers, Margaret and Ray.Each firm can produce gadgets at a marginal cost of $2.The table shows the market demand schedule for gadgets.If industry output is 300 gadgets produced by Margaret and 200 gadgets produced by Ray and if Ray decides to increase output by 100, Margaret's profit will be , and Ray's profit will be _.
A)$1,750; $1,250.
B)$1,250; $1,250.
C)$1,400; $1,000.
D)$600; $600.

Question

(Table: Demand Schedule for Gadgets) Look at the table Demand Schedule for Gadgets.The market for gadgets is dominated by two producers, Margaret and Ray.Each firm can produce gadgets at a marginal cost of $2.The table shows the market demand schedule for gadgets.If industry output is 300 gadgets produced by Margaret and 200 gadgets produced by Ray and if Ray decides to increase output by 100, Margaret's profit will be , and Ray's profit will be _.
A)$1,750; $1,250. 
B)$1,250; $1,250. 
C)$1,400; $1,000. 
D)$600; $600.

Quizplus · Accepted Answer

The Answer of   (Table: Demand Schedule for Gadgets) Look at the table Demand Schedule for Gadgets.The market for gadgets is dominated by two producers, Margaret and Ray.Each firm can produce gadgets at a marginal cost of $2.The table shows the market demand schedule for gadgets.If industry output is 300 gadgets produced by Margaret and 200 gadgets produced by Ray and if Ray decides to increase output by 100, Margaret's profit will be , and Ray's profit will be _.
A)$1,750; $1,250. 
B)$1,250; $1,250. 
C)$1,400; $1,000. 
D)$600; $600.

(Table: Demand Schedule for Gadgets) Look at the Table Demand