-The above table gives the demand schedule for a single-price monopoly.The marginal revenue first becomes negative when going from
A) 1 unit to 2 units.
B) 2 units to 3 units.
C) 3 units to 4 units.
D) 4 units to 5 units.
E) None of the above; the total revenue is always positive so the marginal revenue must always be positive.

Question

-The above table gives the demand schedule for a single-price monopoly.The marginal revenue first becomes negative when going from
A) 1 unit to 2 units. 
B) 2 units to 3 units. 
C) 3 units to 4 units. 
D) 4 units to 5 units. 
E) None of the above; the total revenue is always positive so the marginal revenue must always be positive.

Quizplus · Accepted Answer

The Answer of 
-The above table gives the demand schedule for a single-price monopoly.The marginal revenue first becomes negative when going from
A) 1 unit to 2 units. 
B) 2 units to 3 units. 
C) 3 units to 4 units. 
D) 4 units to 5 units. 
E) None of the above; the total revenue is always positive so the marginal revenue must always be positive.

-The Above Table Gives the Demand Schedule for a Single-Price