Refer to the following table showing a monopolist's demand schedule:
$$\begin{array} { c c }
\text { Price } & \text { Quantity } \
\hline \$ 50 & \mathbf { 3 0 0 } \
40 & \mathbf { 6 0 0 } \
20 & \mathbf { 8 0 0 } \
10 & 1,000
\end{array}$$
-What is marginal revenue for a price decrease from $50 to $40?

Question

Refer to the following table showing a monopolist's demand schedule:
 $$\begin{array} { c c } 
\text { Price } & \text { Quantity } \
\hline \$ 50 & \mathbf { 3 0 0 } \
40 & \mathbf { 6 0 0 } \
20 & \mathbf { 8 0 0 } \
10 & 1,000
\end{array}$$
-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:
 $$\begin{array} { c c } 
\text { Price } & \text { Quantity } \
\hline \$ 50 & \mathbf { 3 0 0 } \
40 & \mathbf { 6 0 0 } \
20 & \mathbf { 8 0 0 } \
10 & 1,000
\end{array}$$
-What is marginal revenue for a price decrease from $50 to $40?

Refer to the Following Table Showing a Monopolist's Demand Schedule