Table 9.1
$$\begin{array} { | c | c | c | c | }
\hline \text { Quantity } & \text { Price } ( \$ ) & \begin{array} { l }
\text { Total } \
\text { Revenue }
\end{array} & \begin{array} { l }
\text { Marginal } \
\text { Revenue }
\end{array} \
\hline 1 & 50 & 50 & - \
\hline 2 & 45 & 90 & 40 \
\hline 3 & 40 & & 30 \
\hline 4 & & 140 & 20 \
\hline 5 & 30 & 150 & \
\hline
\end{array}$$
-Refer to Table 9.1,which shows revenue for a monopolist.Total revenue from selling 3 units is _____
A)$10.
B)$120.
C)$90.
D)$35.
E)$50.

Question

Table 9.1
 $$\begin{array} { | c | c | c | c | } 
\hline \text { Quantity } & \text { Price } ( \$ ) & \begin{array} { l } 
\text { Total } \
\text { Revenue }
\end{array} & \begin{array} { l } 
\text { Marginal } \
\text { Revenue }
\end{array} \
\hline 1 & 50 & 50 & - \
\hline 2 & 45 & 90 & 40 \
\hline 3 & 40 & & 30 \
\hline 4 & & 140 & 20 \
\hline 5 & 30 & 150 & \
\hline
\end{array}$$
-Refer to Table 9.1,which shows revenue for a monopolist.Total revenue from selling 3 units is _____
A)$10.
B)$120.
C)$90.
D)$35.
E)$50.

Quizplus · Accepted Answer

Total revenue for selling 3 units can be calculated by looking at the total revenue for selling 2 units, which is $90, and adding the marginal revenue for selling the third unit, which is $30. Therefore, $90 + $30 = $120.

Table 91 -Refer to Table 9