Figure 10.2 shows a monopolist's demand curve. The marginal revenue from selling the fourth unit is:
A. $8.
B. $6.
C. $4.
D. $2.
Answer: D
You might also like to view...
The rapid growth in stock prices during the 1920s was due in large part to
a. the expansionary monetary policy of the Federal Reserve. b. the wartime demand for military equipment and supplies. c. the artificially high value of the dollar, which eventually led to the stock market crash of 1929. d. the technological innovations of the decade, which spurred economic growth.
Jeff's entertainment budget is divided between $8 movie tickets and $40 hockey tickets. The opportunity cost to Jeff of going to an extra hockey game is
A. four fewer $10 pizzas. B. five movies. C. 20 DVD rentals (costing $2 each). D. all of the choices are true.
The Who-Needs-A-Doctor? Company makes a do-it-yourself rhinoplasty kit. The company is deciding whether to include a safety feature that would cost $40 for each kit
The company estimates the probability of death without the safety feature is 1/10,000 and the death cost per kit is $50. Based on this information, answer the following questions: a. What is the value the company has placed on a life? b. What is the company's cost-benefit recommendation? c. If the company has overestimated the probability of death and the true probability of death is 1/15,000, what is the true death cost per rhinoplasty kit? d. If the company has overestimated the probability of death and the true probability of death is 1/15,000, what would the true cost-benefit recommendation be for the company? e. If the company has correctly estimated the probability of death but has underestimated by one-half the true value of a life, what is the true death cost per rhinoplasty kit? f. If the company has correctly estimated the probability of death but has underestimated by one-half the true value of a life, what would the true cost-benefit recommendation be for the company?
The table above shows Mary's utility from chips and soda. Mary receives ________ units of utility from the third chip
A) 30 B) 20 C) 55 D) 40