An Unregulated Monopolist Could Sell the First Unit of Output

question 76

Multiple Choice

An unregulated monopolist could sell the first unit of output for $40.However,for each additional unit sold,the monopolist is forced to reduce the price by $2.
-Refer to the above information to answer this question.What is the value of the marginal revenue of the 7^th unit?

• A)$12.
• B)$16.
• C)$28.
• D)$34.
• E)$180.

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