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
Correct Answer:
Verified
Q61: When marginal revenues are zero:
A)profits are maximized.
B)total
Q62: The profit maximizing rule MR = MC
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Q63: Perfect price discrimination occurs when:
A)each buyer pays
Q64: If the demand curve facing the monopolist
Q65: Imperfect price discrimination occurs when:
A)the monopolist charges
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Q67: Price discrimination means charging:
A)higher prices to women
Q68: The monopolist will maximize profits if it
Q79: Perfect competition is efficient and monopoly is
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