The Figure Below Shows the Demand Schedule and Demand Curve

question 54

Multiple Choice

The figure below shows the demand schedule and demand curve for a product produced by a single-price monopolist. FIGURE 10-1
-Refer to Figure 10-1.Suppose this single-price monopolist is initially selling 9 units at $4 each and then reduces the price of the product to $3.By making this change,the firm is giving up revenue of ________ on the original number of units sold and gaining revenue of ________ on the additional units sold.Its marginal revenue is therefore ________.(All figures are dollars)

• A)40; 27; -13
• B)30; 36; 6
• C)34; 28; -6
• D)9; 3; -6
• E)3; 9; 6

---

Definitions:

RUPA

Stands for the Revised Uniform Partnership Act, governing the operation of partnerships in the United States.

Termination

The act of ending something, such as a contract, employment, or agreement.

Heated Disagreement

An intense argument or conflict between individuals or groups.

Dissociation

The process through which a member of a business entity severs their connection or association with that entity.