A Monopoly Is Charging $15 for Its Product and at This

question 90

Multiple Choice

A monopoly is charging $15 for its product and at this price, the price elasticity of demand is 1.0. What is its marginal revenue?

• A)- $15
• B)$15
• C)$0
• D)$1

---

Definitions:

ΔH°

The standard enthalpy change, indicating the heat absorbed or released in a reaction at standard conditions (1 atm, 298 K).

ΔS°

Standard entropy change, a measure of disorder or randomness in a system during a process at standard conditions.

Reactant A

A placeholder term for a substance that undergoes a chemical change in a chemical reaction.

Product B

A term that broadly refers to a secondary or resultant compound generated in a chemical reaction, distinguished from other products by its labeling as "B".