When a monopolist sells two units of output its total revenue is $600. When a monopolist sells three units of output its total revenue is $690. When the monopolist sells three units of output, the price per unit is
A) $210.
B) $230.
C) $300.
D) $630.

Question

Quizplus · Accepted Answer

The total revenue from selling three units is $690, so the price per unit is $690 divided by 3, which equals $230.

When a Monopolist Sells Two Units of Output Its Total