Use the following to answer question:
-(Table: Prices and Demand) The New Orleans Saints have a monopoly on Saints logo hats.The marginal cost of producing a hat is $18.If the Saints increase the number of hats they sell from 4 to 5,marginal revenue is:
A) $20.
B) $22.
C) $8.
D) $12.
Correct Answer:
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Figure: A
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Figure: The
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Figure: PPV
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