Suppose the table below describes the demand for a good produced by monopolist.PriceQuantity$101$92$83$74$65$56$47The monopolist's total revenue from selling 3 units is ________, and the monopolist's marginal revenue from selling the 3rd unit is ________.

A. $24; 8
B. $24; 6
C. $28; 8
D. $52; 1

Answer: B

Economics

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Suppose that your firm wants to import sugarcane from Brazil. The exchange rate is 3 Brazilian reals per U.S. dollar and sugarcane costs 36 reals per ton. How much is a ton of sugarcane in U.S. dollars?

A) $12 B) $39 C) $108 D) $109

Economics

For a factor of production to be called capital it must:

A) be produced. B) occur in the natural environment. C) be a part of human skill. D) be a result of a stock issue.

Economics