When the Monopoly Firm Sells Two Units of Its Product,it

question 183

Multiple Choice

When the monopoly firm sells two units of its product,it earns total revenue of $260 and it incurs a total cost of $210.If its marginal revenue for the second unit was $110,what was the marginal revenue of the first unit?

• A) $100
• B) $150
• C) $133
• D) $220
• E) There is not enough information to answer the question.

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Definitions:

Anterior Interventricular Artery

A blood vessel that delivers oxygenated blood to the front of the septum and both ventricles of the heart.

Electrical Excitation

The process by which an electrical impulse stimulates a nerve cell, muscle, or other excitable tissue to produce an action potential.

AV Bundle

The bundle of His, a collection of heart muscle cells specialized for electrical conduction, transmitting impulses from the atrioventricular node to the ventricles of the heart.

SA Node

The sinoatrial node, a group of cells in the right atrium of the heart that acts as the natural pacemaker by generating electrical impulses.