A monopolist can sell 10 lunchboxes if he or she charges $10 per lunchbox and 11 lunchboxes if he or she charges $9. The MR from selling the 11th lunchbox is
A. ?$1.
B. $1.
C. $9.
D. $99.
Answer: A
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Consider the market for nurses in a given city. In each of the following cases, explain what happens to the equilibrium wage rate and the quantity of nurses hired
a. One of the major hospitals in the city closes. b. A record number of students graduate with bachelor's degrees in nursing. c. Traditionally, nursing is a field that attracts women. However, changes in access to education and to the labor force participation rate by women have led to a greater demand for the services of women in a wide range of occupations. The demand for nurses, however, does not change. d. Advances in medical technology reduce the amount of time physicians must spend with patients in intensive care and increase the time that nurses spend with patients.
Who receives income from capital in the United States?
a. bank depositors b. bondholders c. stockholders d. All of the above are correct.
The key decision maker for U.S. monetary policy is:
A. Congress. B. The president. C. The president's cabinet. D. The Board of Governors.
All of society's applied knowledge on how to produce goods and services is
A) held by university professors. B) called technology. C) opportunity cost. D) efficiency.