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

question 314

Multiple Choice

A monopoly firm can sell 150 units of output for $10 per unit. Alternatively, it can sell 151 units of output for $9.98 per unit. The marginal revenue of the 151^st unit of output is

• A)-$6.98.
• B)-$0.02.
• C)$2.45.
• D)$6.98.

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