A monopoly firm can sell 150 units of output for $10 per unit.Alternatively,it can sell 151 units of output for $9.95 per unit.The marginal revenue of the 151st unit of output is
A) $-2.45.
B) $-0.05.
C) $2.45.
D) $9.95.
Correct Answer:
Verified
Q128: If a monopolist can sell 7 units
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A)average revenue is always greater
A)total
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