When the Monopoly Firm Sells Two Units of Its Product

question 27

Multiple Choice

When the monopoly firm sells two units of its product, it earns total revenue of $960 and it incurs a total cost of $870. If its marginal revenue for the second unit was $475, what was the marginal revenue of the first unit?

• A)$90
• B)$485
• C)$395
• D)$1,355
• E)There is not enough information to answer the question.

Comprehend the factors affecting persuasion and the effectiveness of communication.

Recognize the role of attitudes and organizational citizenship behaviors (OCBs) in organizational dynamics.

Identify the relationship between personality traits (like Machiavellianism) and organizational behavior.

Appreciate the connection between attitudes and behaviors in the organizational context.

---

Definitions:

Cost/o

A prefix in medical terms related to ribs.

Crani/o

A prefix relating to the skull.

Arthrocentesis

A medical procedure involving the puncture of a joint space with a needle to remove synovial fluid for diagnostic or therapeutic purposes.

Patella

Also known as the kneecap, it is a small flat triangular bone located at the front of the knee joint.