-The table above gives the demand for a monopolist's output. Between which two quantities is marginal revenue equal to 0?
A) 2 and 3
B) 4 and 5
C) 1 and 2
D) 3 and 4

Question

-The table above gives the demand for a monopolist's output. Between which two quantities is marginal revenue equal to 0?
A) 2 and 3 
B) 4 and 5 
C) 1 and 2 
D) 3 and 4

Quizplus · Accepted Answer

Marginal revenue (MR) is the change in total revenue that results from selling one additional unit of a product. MR equals 0 when the total revenue from selling one quantity is the same as the total revenue from selling the next higher quantity. Without the specific table data, the correct answer cannot be determined from calculations. However, based on the question's context, the answer provided assumes knowledge of a typical scenario where MR equals 0 between specific quantities for a monopolist.

-The Table Above Gives the Demand for a Monopolist's Output