When a monopolist sells two units of output its total revenues are $100. When the monopolist sells three units of output, its price per unit is $35. The monopolist's marginal revenue from selling the third unit of output is:
A. $5.
B. $33.33.
C. $35.
D. $105.
Answer: A
Economics
You might also like to view...
If a curve falls and then rises, it
A) has a maximum. B) has a minimum. C) has a linear relationshi
Economics
One of the obstacles to efficiency is monopoly
Indicate whether the statement is true or false
Economics
Would the maximum loan that a bank can make be different when receiving a discount loan from the Federal Reserve of $1 million versus receiving a checking account deposit of $1 million? Explain why or why not
What will be an ideal response?
Economics
High differentials in interest rates suggest that the financial markets of New England, the Middle Atlantic and the South were not integrated with those of New York City
Indicate whether the statement is true or false
Economics