Using the demand schedule in the above table, the marginal revenue for a perfectly price discriminating monopolist from the sale of the third unit of output is
A) $3.
B) $4.
C) $5.
D) $6.
C
Economics
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A public good
A) is a good that is usually consumed in public, such as a restaurant meal. B) is a good people can consume even if they do not pay for it. C) is a good produced by government. D) results in an efficient allocation of resources. E) is a good for which people are willing to pay a very high price.
Economics
Most development economists agree that the most basic and important task of any government is to:
A. maintain a stable currency. B. ensure basic education for all citizens. C. create a stable political system. D. provide national health care system.
Economics