The table above shows the demand and total cost schedule for a monopolist hotel. What is the marginal revenue from renting out the fifth room each night?
A) $111
B) $141
C) $151
D) $161
A
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In the real business cycle theory, during a period when output is falling,
a. workers are voluntarily giving up their jobs. b. the quantity supplied of labor is falling. c. aggregate productivity must be falling. d. all of the above. e. none of the above.
At a carnival roulette wheel, a player can either win $10, $30, or $80 . If it costs $50 to play, we would expect to see
a. A long line of players waiting to play b. No players for the game c. The carnival losing money per play d. All of the above
Refer to the diagram for athletic shoes. If the current output of shoes is Q 3 , then:
A. society should produce fewer shoes to achieve the optimal allocation of resources.
B. society should produce more shoes to achieve the optimal allocation of resources.
C. resources are being allocated efficiently to the production of shoes.
D. shoes are more valuable to society than alternative products
The federal funds rate reflects the cost for banks to borrow from other banks.
Answer the following statement true (T) or false (F)