TABLE 10-1
-Refer to Table 10-1.For a single-price monopolist producing and selling 9 units,the marginal revenue earned by selling the 9th unit is

Question

Quizplus · Accepted Answer

In a single-price monopoly, marginal revenue decreases as more units are sold. If the marginal revenue for the 9th unit is negative, it indicates that the additional revenue from selling that unit is less than the price reduction needed to sell it. Hence, -4 is the correct answer.

TABLE 10-1 -Refer to Table 10-1.For a Single-Price Monopolist Producing and Selling