If the monopolist can sell 10 units at a price of $7 and 11 units at a price of $6.50, the marginal revenue of the 11th unit is
A. -$1.50.
B. 0.
C. $1.50.
D. $6.50.
C. $1.50.
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The net effect of savings of the asset substitution, induced retirement, and bequest effects combined is that people save ________they would have without Social Security.
A. slightly less than B. the same as C. more than
U.S. investment is financed from
A) private saving, government budget surpluses, and borrowing from the rest of the world. B) private saving, government budget deficits, and borrowing from the rest of the world. C) private borrowing, government budget deficits, and lending to the rest of the world. D) private saving and borrowing from the rest of the world only.
In the efficiency wage model, an increase in productivity will cause
A) no change in the real wage. B) an increase in the real wage. C) a decrease in the real wage. D) an increase in both the real wage and the level of employment.
Which of the following is the most closed economy?
a. the Netherlands b. the United States c. Germany d. Russia e. Canada