A monopoly firm can sell 150 units of output for $10 per unit.Alternatively,it can sell 151 units of output for $9.95 per unit.The marginal revenue of the 151ˢᵗ unit of output is
A) $-2.45.
B) $-0.05.
C) $2.45.
D) $9.95.
Correct Answer:
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Q121: Figure 15-2 Q122: Figure 15-2 Q124: A monopolist can sell 200 units of Q125: Figure 15-3 Q128: If a monopolist can sell 7 units Q319: A monopolist's average revenue is always Q326: Marginal revenue can become negative for Q330: For a monopolist, when the price effect Q349: If a monopolist has zero marginal costs, Q389: The marginal revenue curve for a monopoly Unlock this Answer For Free Now! View this answer and more for free by performing one of the following actions Scan the QR code to install the App and get 2 free unlocks Unlock quizzes for free by uploading documents
A)equal to
A)both competitive