Suppose That a Monopolist Can Sell Five Units of Output

question 188

Multiple Choice

Suppose that a monopolist can sell five units of output at a price of $5 or six units of output at a price of $4. What is the marginal revenue of the sixth unit?

• A) $24
• B) $49
• C) -$1
• D) $4

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Definitions:

Intimacy

The emotional closeness and connectedness between individuals, fostering a sense of warmth and trust.

Intellectual Disability

is a condition characterized by significant limitations in intellectual functioning and adaptive behavior, manifesting before age 18.

General Mental Abilities

Broad cognitive capabilities, including reasoning, problem-solving, and planning.

Adaptive Functioning

The ability of an individual to effectively manage and respond to the changing demands of their environment.