A monopolist can sell 300 units of output for $29.00 per unit. Alternatively, it can sell 301 units of output for $28.25 per unit. The marginal revenue of the 301st unit of output is:
A) -$196.75.
B) -$0.75.
C) $196.75.
D) $28.25.
Correct Answer:
Verified
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Figure: Maximize
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