The above table shows a sample of prices and the quantity sold by a monopolist.
-Refer to the table above. What is the monopolist's marginal revenue of the 96th unit?

Question

Quizplus · Accepted Answer

Marginal revenue is the change in total revenue from selling one additional unit of the good. The monopolist's total revenue from selling 95 units is $4,080. The total revenue from selling 96 units is $4,124. The marginal revenue of the 96th unit is the difference between these two values, which is $44. Therefore, the answer is B) $4.

The Above Table Shows a Sample of Prices and the Quantity