Use the Figure Below, Which Shows a Linear Demand Curve

question 2

Multiple Choice

Use the figure below, which shows a linear demand curve and the associated total revenue curve, to answer the questions.


-The marginal revenue of the 100^th unit is $_____.

• A) 0
• B) 20
• C) 40
• D) 50
• E) cannot tell from the information provided

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Definitions:

Confidence Interval

A group of values, culled from sample statistical analysis, expected to cover the value of an unknown population parameter.

Sample Mean

The average value of a set of observations drawn from a population, used as an estimate of the population mean.

CDs Owned

The number or collection of compact discs (audio, data storage, or software) that an individual possesses.

Kilograms

A metric unit of mass equal to one thousand grams, commonly used to measure weight.