Table 15-6
A monopolist faces the following demand curve:
-Refer to Table 15-6. What is the marginal revenue from the sale of the 3rd unit?
A)-$3
B)$3
C)$9
D)$24

Question

Table 15-6
A monopolist faces the following demand curve: 
-Refer to Table 15-6. What is the marginal revenue from the sale of the 3rd unit?
A)-$3 
B)$3 
C)$9 
D)$24

Quizplus · Accepted Answer

Marginal revenue is the change in total revenue from the sale of one additional unit. In this case, the marginal revenue from the sale of the 3rd unit is $3, which is the difference between the total revenue from the sale of 3 units ($9) and the total revenue from the sale of 2 units ($6).

Table 15-6 A Monopolist Faces the Following Demand Curve