Refer to the following table showing a monopolist's demand schedule: 
What is marginal revenue for a price decrease from $50 to $40?
A. $24,000
B. $40
C. $30
D. $20
E. $9,000
Answer: C
You might also like to view...
An example of an in-kind benefit is
a. a welfare payment. b. capital gains. c. a charitable contribution of money. d. public housing.
According to the law of demand, all else constant, a rise in price will decrease the demand for a good, and a decrease in price will increase demand for a good
a. True b. False Indicate whether the statement is true or false
Hudson Manufacturing is an MNE based in the United States with operations in Asia. The firm is considering expansion into the European Union. Executives at the firm are debating whether central Europe or Eastern Europe would be best for the firm. Which of the following best supports a decision to establish operations in Eastern Europe?
A) Hudson wants to implement a high-performance work system. B) Hudson plans to staff the foreign facility with local managers. C) Hudson wants to minimize costs by keeping wages low. D) Hudson recently lost money in a joint venture.
An inflation shock is:
A. the level of inflation consistent with output in an expansionary gap. B. a sudden change in the normal behavior of inflation, unrelated to the nation's output gap. C. the level of inflation consistent with output in a recessionary gap. D. a change in the inflation rate generated by excessive aggregate spending.