Kate's Great Crete (KGC)is a local monopolist of ready-mix concrete.Its annual demand function is ,where P is the price,in dollars,of a cubic yard of concrete and Q is the number of cubic yards sold per year.What is the difference between price and marginal revenue when KGC sells 5,000 cubic years of concrete per year?
A) $12.5
B) $25
C) $37.5
D) $50

Question

Kate's Great Crete (KGC)is a local monopolist of ready-mix concrete.Its annual demand function is  ,where P is the price,in dollars,of a cubic yard of concrete and Q is the number of cubic yards sold per year.What is the difference between price and marginal revenue when KGC sells 5,000 cubic years of concrete per year?
A) $12.5 
B) $25 
C) $37.5 
D) $50

Quizplus · Accepted Answer

The Answer of Kate's Great Crete (KGC)is a local monopolist of ready-mix concrete.Its annual demand function is  ,where P is the price,in dollars,of a cubic yard of concrete and Q is the number of cubic yards sold per year.What is the difference between price and marginal revenue when KGC sells 5,000 cubic years of concrete per year?
A) $12.5 
B) $25 
C) $37.5 
D) $50

Kate's Great Crete (KGC)is a Local Monopolist of Ready-Mix Concrete