The table above gives the demand for a monopolist's output. What is the marginal revenue when output is increased from 2 to 3 units?

A) $18
B) $4
C) $7
D) $6

B

Economics

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Which of the following statements is TRUE?

A) A growing economy should see a decline in relative poverty but not in absolute poverty. B) A growing economy should see a decline in absolute poverty but not in relative poverty. C) A growing economy should see a decline in both absolute and relative poverty. D) A growing economy is usually unrelated to changes in either absolute or relative poverty.

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