A monopolist can sell 20 toys per day for $8.00 each.To sell 21 toys per day, the price must be cut to $7.00.The marginal revenue of the 21st toy is

Name: A monopolist can sell 20 toys per day for $8.00 each.To sell 21 toys per day, the price must be cut to $7.00.The marginal revenue of the 21st toy is
Brand: Quizplus
Rating: 4.8 (55 reviews)

Question

Quizplus · Accepted Answer

The Answer of A monopolist can sell 20 toys per day for $8.00 each.To sell 21 toys per day, the price must be cut to $7.00.The marginal revenue of the 21st toy is

A Monopolist Can Sell 20 Toys Per Day for $8