Table 14-1

-Refer to Table 14-1.What is the marginal revenue for the monopolist for the sixth unit sold?
A) $3
B) $5
C) $11
D) $17

Question

Table 14-1
 
-Refer to Table 14-1.What is the marginal revenue for the monopolist for the sixth unit sold?
A) $3 
B) $5 
C) $11 
D) $17

Quizplus · Accepted Answer

To calculate marginal revenue for the monopolist, we must look at the change in total revenue when selling one more unit. 
The total revenue for selling 5 units is $25 and for selling 6 units is $30. 
Therefore, the marginal revenue for the sixth unit sold is ($30 - $25) = $5. 
Thus, the answer is B.

Table 14-1 -Refer to Table 14-1.What Is the Marginal Revenue for the Marginal