Table 15-1 A Monopolist Faces the Following Demand Curve

question 528

Multiple Choice

Table 15-1
A monopolist faces the following demand curve:
Marginal cost is constant at $8 per unit.
-Refer to Table 15-1.When the price effect on revenue is greater than the output effect,marginal revenue is

• A) positive.This occurs with the 3rd unit of output.
• B) positive.This occurs with the 4th unit of output.
• C) negative.This occurs with the 5th unit of output.
• D) negative.This occurs with the 6th unit of output.

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