The following represents a portion of the demand schedule faced by a monopoly firm. The marginal revenue of the third unit of output equals:
A) $12.
B) $10.
C) $8.
D) $1.

Question

The following represents a portion of the demand schedule faced by a monopoly firm.  The marginal revenue of the third unit of output equals:
A) $12. 
B) $10. 
C) $8. 
D) $1.

Quizplus · Accepted Answer

The Answer of The following represents a portion of the demand schedule faced by a monopoly firm.  The marginal revenue of the third unit of output equals:
A) $12. 
B) $10. 
C) $8. 
D) $1.

The Following Represents a Portion of the Demand Schedule Faced