Refer to the Information Provided in Table 13 -Refer to Table 13

question 229

Multiple Choice

Refer to the information provided in Table 13.3 below to answer the question(s) that follow.
Table 13.3
$$\begin{array} { | c | c | } \hline \text { Price } ( \$ ) & \text { Quantity } \\\hline 4.00 & 100 \\\hline 3.50 & 200 \\\hline 3.00 & 300 \\\hline 2.50 & 400 \\\hline 2.00 & 500 \\\hline 1.50 & 600 \\\hline 1.00 & 700 \\\hline\end{array}$$
-Refer to Table 13.3. If a monopoly faces the demand schedule given in the table, what is its marginal revenue from the 600th unit it sells?

• A) -$1
• B) $1
• C) $1.50
• D) $100

---

Definitions:

Percent Change

The measure of the degree of change over time, calculated as the difference from the original value to the new value, divided by the original value, multiplied by 100.

Per-Kilometre Charge

A fee assessed based on the distance travelled, often used in contexts such as delivery services, transportation, or car rentals.

Short-Term Truck Rentals

Rental services offering trucks for temporary use, typically ranging from a few hours to several weeks.

Percent Change

The mathematical calculation to determine the difference in percentage between two values.