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 average revenue for 5 units is:

A. $300
B. $600
C. $120
D. $3,000

Answer: B

Economics

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U.S. opponents of NAFTA argued that the agreement will hurt the United States. In their view, NAFTA's greatest harm will be its

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If the marginal propensity to save (MPS) is 0.25, the value of the spending multiplier is:

A. 1. B. 2. C. 4. D. 9.

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