-The table above shows the demand and total cost schedule for a monopolist hotel. What is the marginal revenue from renting out the fifth room each night?
A) $111
B) $141
C) $151
D) $161

Question

-The table above shows the demand and total cost schedule for a monopolist hotel. What is the marginal revenue from renting out the fifth room each night?
A) $111 
B) $141 
C) $151 
D) $161

Quizplus · Accepted Answer

Marginal revenue is the change in total revenue from selling one more unit. Calculate the total revenue for the fourth and fifth rooms and find the difference.

-The Table Above Shows the Demand and Total Cost Schedule