Total revenue is in dollars and x is the number of units. Suppose that in a monopoly market, the demand function for a product is given by , where x is the number of units and p is the price in dollars. Is more revenue expected from the 101st unit sold or from the 401st unit sold?
A) The 101st unit will bring in more in revenue.
B) The 401st unit will bring in more in revenue.

Question

Total revenue is in dollars and x is the number of units. Suppose that in a monopoly market, the demand function for a product is given by  , where x is the number of units and p is the price in dollars. Is more revenue expected from the 101st unit sold or from the 401st unit sold? ​
A) The 101st unit will bring in more in revenue. 
B) The 401st unit will bring in more in revenue.

Quizplus · Accepted Answer

The Answer of Total revenue is in dollars and x is the number of units. Suppose that in a monopoly market, the demand function for a product is given by  , where x is the number of units and p is the price in dollars. Is more revenue expected from the 101st unit sold or from the 401st unit sold? ​
A) The 101st unit will bring in more in revenue. 
B) The 401st unit will bring in more in revenue.

Total Revenue Is in Dollars and X Is the Number