Table 15-1

-Refer to Table 15-1. What is the average revenue received from selling 4 units of the monopolist's product?

Question

Table 15-1
 
-Refer to Table 15-1. What is the average revenue received from selling 4 units of the monopolist's product?

Quizplus · Accepted Answer

To find the average revenue received from selling 4 units, we need to look at the Total Revenue (TR) column and divide by 4. Adding up the TR of selling 4 units (column 4), we get a total of 104. Dividing 104 by 4, we get an average revenue of 26. Therefore, the correct answer is (C) 26.

Table 15-1 -Refer to Table 15-1. What Is the Average Revenue Received