When a Certain Monopoly Sets Its Price at $8 It

question 6

Multiple Choice

When a certain monopoly sets its price at $8 it sells 64 units. When the monopoly sets its price at $9 it sells 62 units. The marginal revenue for the firm over this range is

• A)$18.
• B)$23.
• C)$46.
• D)$92.

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Definitions:

Transfer of Behaviour

The application of learned skills or behaviors from one context to another, which is a key objective in training and education.

Behaviour Modelling

A training method that involves demonstrating desired behaviors and allowing learners to practice and replicate these behaviors to learn new skills.

Worksite

A location where professional work activities are conducted, often referring to offices, construction sites, or any place of employment.

Off-The-Job Training

Training that occurs outside of the workplace, such as courses, workshops, or formal education, aimed at enhancing the employee’s skills and knowledge.