A monopoly firm can sell 150 units of output for $10 per unit. Alternatively, it can sell 151 units of output for $9.98 per unit. The marginal revenue of the 151st unit of output is
A) -$6.98.
B) -$0.02.
C) $2.45.
D) $6.98.
Correct Answer:
Verified
Q342: Figure 15-3 Q343: Which statement best describes the effect(s) that Q344: Figure 15-3 Q345: If a monopolist's marginal costs increase by Q346: Figure 15-3 Q348: Figure 15-4 Q349: If a monopolist has zero marginal costs, Q350: Bob's Butcher Shop is the only place Q351: Figure 15-3 Q352: Figure 15-4 Unlock this Answer For Free Now! View this answer and more for free by performing one of the following actions Scan the QR code to install the App and get 2 free unlocks Unlock quizzes for free by uploading documents