Table 14-4
A monopolist faces the following demand curve:

-Refer to Table 14-4.If the monopolist produces 5 units,what is its marginal revenue?
A) $100
B) $37.5
C) $15
D) $2.50

Question

Table 14-4
A monopolist faces the following demand curve:
 
-Refer to Table 14-4.If the monopolist produces 5 units,what is its marginal revenue?
A) $100 
B) $37.5 
C) $15 
D) $2.50

Quizplus · Accepted Answer

The marginal revenue for a monopolist is calculated by the change in total revenue when one additional unit is sold. If the table indicates that producing 5 units results in a marginal revenue of $15, then that is the correct answer.

Table 14-4 A Monopolist Faces the Following Demand Curve