Use the following to answer questions:
-(Table: Prices and Demand) The New Orleans Saints have a monopoly on Saints logo hats. The marginal cost of producing a hat is $18. If the Saints increase the number of hats they sell from four to five, the price effect is a(n) _____ in total revenue of _____.
A) decrease; $20
B) increase; $20
C) decrease; $8
D) increase; $8

Question

Use the following to answer questions: 
-(Table: Prices and Demand) The New Orleans Saints have a monopoly on Saints logo hats. The marginal cost of producing a hat is $18. If the Saints increase the number of hats they sell from four to five, the price effect is a(n) _____ in total revenue of _____.
A) decrease; $20 
B) increase; $20 
C) decrease; $8 
D) increase; $8

Quizplus · Accepted Answer

The Answer of Use the following to answer questions: 
-(Table: Prices and Demand) The New Orleans Saints have a monopoly on Saints logo hats. The marginal cost of producing a hat is $18. If the Saints increase the number of hats they sell from four to five, the price effect is a(n) _____ in total revenue of _____.
A) decrease; $20 
B) increase; $20 
C) decrease; $8 
D) increase; $8

Use the Following to Answer Questions