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
You might also like to view...
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