Hi Phi Sound Unlimited Has a Monopoly Over the Installation

question 65

Multiple Choice

Hi Phi Sound Unlimited has a monopoly over the installation of surround sound systems. If Hi Phi Unlimitedʹs total revenue from installing 20 sound systems is $30,000 and its total revenue from installing 21 sound systems is $30,800, what is the marginal revenue of the twenty-first sound system?

• A) -$1,500
• B) -$700
• C) $800
• D) $1,467

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Definitions:

Myopia

A vision condition characterized by the ability to see objects close to the eye clearly while distant objects appear blurred.

Color Blindness

A visual impairment that affects the ability to perceive colors accurately or differentiate between certain colors.

Conjunctivitis

An inflammation of the conjunctiva, the clear lining of the white part of the eye and the inside of the eyelids, often referred to as "pink eye."

Bacterial Infection

An infection caused by bacteria, which can lead to a range of diseases, from minor skin infections to more serious conditions like pneumonia or meningitis.