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:
A. decreases, then increases after the 6th unit.
B. increases, then decreases as output increases.
C. increases as output increases.
D. is negative after the 6th unit.
Answer: D
Economics
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Suppose the country of Dingo experienced an economic trough in January 2011. We can conclude that
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Entitlement programs include:
A. Welfare programs only B. Social insurance programs only C. Both public assistance programs and social insurance programs D. Welfare programs and public assistance programs
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