A Monopoly Firm Can Sell 150 Units of Output for $10

question 272

Multiple Choice

A monopoly firm can sell 150 units of output for $10 per unit. Alternatively, it can sell 151 units of output for $9.90 per unit. The marginal revenue of the 151^st unit of output is

• A)-$5.10.
• B)-$0.10.
• C)$2.45.
• D)$5.10.

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Definitions:

Electroconvulsive Shock Therapy

A psychiatric treatment in which seizures are electrically induced in anesthetized patients for therapeutic effect.

Anterograde Amnesia

A condition that prevents an individual from forming new memories after the onset of the amnesia.

Retrograde Amnesia

A loss of memory-access to events that occurred or information that was acquired before an injury or the onset of a disease.

Dementia

A broad category of brain diseases that cause a long-term and often gradual decrease in the ability to think and remember, affecting a person's daily functioning.