Refer to the following table showing a monopolist's demand schedule: $$\begin{array} { c c }
\text { Price } & \text { Quantity } \
\hline \$ 50 & 300 \
40 & 600 \
20 & \text { 800 } \
10 & 1,000
\end{array}$$ What is marginal revenue for a price decrease from $50 to $40?

Question

Refer to the following table showing a monopolist's demand schedule: $$\begin{array} { c c } 
\text { Price } & \text { Quantity } \
\hline \$ 50 & 300 \
40 & 600 \
20 & \text { 800 } \
10 & 1,000
\end{array}$$ What is marginal revenue for a price decrease from $50 to $40?

Quizplus · Accepted Answer

The Answer of Refer to the following table showing a monopolist's demand schedule: $$\begin{array} { c c } 
\text { Price } & \text { Quantity } \
\hline \$ 50 & 300 \
40 & 600 \
20 & \text { 800 } \
10 & 1,000
\end{array}$$ What is marginal revenue for a price decrease from $50 to $40?

Refer to the Following Table Showing a Monopolist's Demand Schedule Price Quantity $503004060020 800 101,000\begin{array} { c c } \text { Price } & \text { Quantity } \\\hline \$ 50 & 300 \\40 & 600 \\20 & \text { 800 } \\10 & 1,000\end{array} Price $50402010​ Quantity 300600 800 1,000​​

Refer to the Following Table Showing a Monopolist's Demand Schedule $\begin{array} { c c } \text { Price } & \text { Quantity } \\\hline \$ 50 & 300 \\40 & 600 \\20 & \text { 800 } \\10 & 1,000\end{array}$