When a monopolist sells two units of output its total revenue is $150. When it sells three units of output its total revenue, is $180. When the monopolist sells three units of output, the price per unit is

A. $50.
B. $60.
C. $75.
D. $90.


Answer: B

Economics

You might also like to view...

The above figure shows three demand curves labeled D1, D2, and D3. Rank these three demand curves in terms of elasticity at a price of c

What will be an ideal response?

Economics

The end of racial preferences in college admissions has had no noticeable effect on minority enrollments

Indicate whether the statement is true or false

Economics

International trade can be correctly considered as an example of a zero-sum game.

Answer the following statement true (T) or false (F)

Economics

When deficits are run continuously with a constant nominal interest rate, nominal interest payments on the total nominal debt will become smaller relative to future deficits, ceteris paribus.

Answer the following statement true (T) or false (F)

Economics