If a Monopolist Can Sell 7 Units When the Price

question 467

Multiple Choice

If a monopolist can sell 7 units when the price is $4 and 8 units when the price is $3, then the marginal revenue of selling the eighth unit is equal to

• A)$3.
• B)$4.
• C)$24.
• D)-$4.

---

Definitions:

Process Conflict

A disagreement among team members about the methodology or approach to task completion.

Process Conflict

A type of conflict that arises over how something should be done, focusing on the methods, practices, or procedures of work.

Authority

The power or right assigned to an individual or organization to make decisions, direct others, and enforce obedience.

Responsibility

Responsibility is the obligation to act correctly, either morally or legally, or to be accountable for something within one’s control.