-Refer to the above graph to answer this question.Suppose that the graph represents a monopolist.What would be the marginal revenue of the 20^th unit sold?

Question

-Refer to the above graph to answer this question.Suppose that the graph represents a monopolist.What would be the marginal revenue of the 20<sup>th</sup> unit sold? A) $4. B) $10. C) $12. D) $16. E) Cannot be determined.

Quizplus · Accepted Answer

The marginal revenue of the 20th unit sold is $12. This is because the marginal revenue curve is the derivative of the total revenue curve, and the total revenue curve is a straight line with a slope of $12.

-Refer to the Above Graph to Answer This Question