(Table) According to the table, the monopolist's marginal revenue on the fifth unit of output is
$\begin{array}{|c|c|}
\hline \mathbf{Q} & \mathbf{P} \
\hline 0 & 20 \
\hline 1 & 18 \
\hline 2 & 16 \
\hline 3 & 13 \
\hline 4 & 10 \
\hline 5 & 7 \
\hline 6 & 4 \
\hline
\end{array}$
A) $35.
B) -$5.
C) -$11.
D) $40.

Question

Quizplus · Accepted Answer

The marginal revenue is the change in total revenue divided by the change in quantity. For the fifth unit of output, the change in total revenue is $7 - $10 = -$3, and the change in quantity is 1 unit. Therefore, the marginal revenue on the fifth unit of output is -$3/1 = -$3.

(Table) According to the Table, the Monopolist's Marginal Revenue on the Fifth