The Figure Below Shows the Demand Schedule and Demand Curve

question 16

Multiple Choice

The figure below shows the demand schedule and demand curve for a product produced by a single- price monopolist. $\begin{array}{ll}&\text { Quantity }\\\text { Price (\$) }&\text { Demanded }\\8 & 5 \\7 & 6 \\6 & 7 \\5 & 8 \\4 & 9 \\3 & 10 \\2 & 11\end{array}$
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
And gaining revenue of _. Its marginal revenue is therefore . (All figures are dollars)

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

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Taxes collected from employees and employers to fund the Social Security program, providing retirement, disability, and survivor benefits.