This table represents the revenues faced by a monopolist.PriceQuantity SoldTotal RevenueAverage RevenueMarginal Revenue$1,0001$1,000 $9002$1,800 $8003$2,400 $7004$2,800 $6005$3,000 $5006$3,000 $4007$2,800 Using the information in the table shown, the marginal revenue for the 4th unit is:
A. That cannot be calculated from the information given.
B. the same as that of the 3rd unit.
C. higher than that of the 3rd unit.
D. lower than that of the 3rd unit.
Answer: D
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A. Printing Federal Reserve notes and minting coins B. The discount rate C. The reserve requirement D. Open market operations
A health maintenance organization that contracts with individual physicians or group practices to provide care for a specified group of enrollees is called:
a. a network-model HMO. b. a group-model HMO. c. an IPA. d. a staff-model HMO. e. a direct-contract HMO.
Use the figure below to answer the following question.
The total benefit of the third unit of X is ________.
A. 4 B. 5 C. 15 D. 11
The opportunity cost of producing in low-income, developing countries rises over the product cycle, according to theory
Indicate whether the statement is true or false