If a monopolist can sell 20 units at price of $200 per unit and 30 units at a price of $180 per unit, its marginal revenue at an output of 30 is

A. $1800.
B. $-200.
C. $800.
D. $1400.


Answer: D

Economics

You might also like to view...

Why is the foreign exchange market so vital?

What will be an ideal response?

Economics

An increase in price will result in no change in total revenue if:

A) the percentage change in price is large enough to cause quantity demanded to fall to zero. B) the coefficient of elasticity is equal to zero. C) the percentage change in quantity demanded is equal to the percentage change in price (in absolute values). D) the demand function is perfectly elastic.

Economics

Consider two groups of workers of equal skill level and experience: those who collect garbage and those who stuff envelopes with campaign fliers. Which group is likely to be paid more and why?

Economics

The amount of time an individual is willing to offer for a wage depends on the

a. all of the following b. value of time devoted to leisure activities c. boredom, discomfort, and aggravation associated with work d. value of time devoted to nonmarket work e. satisfaction gained from goods purchased with the wages

Economics