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This Graph Illustrates the Demand Faced by a Firm

Question 72

Multiple Choice

This graph illustrates the demand faced by a firm. This graph illustrates the demand faced by a firm. Refer to the figure above.At a price of $8 per unit of output,the total revenue for the monopolist is ____,and the marginal revenue earned from the last unit sold is ____. A) $8;8 B) $24;8 C) $32;4 D) $40;0
Refer to the figure above.At a price of $8 per unit of output,the total revenue for the monopolist is ____,and the marginal revenue earned from the last unit sold is ____.


A) $8;8
B) $24;8
C) $32;4
D) $40;0

Correct Answer:

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