If a Monopolist Can Sell 3 Units at Price of $150

question 221

Multiple Choice

If a monopolist can sell 3 units at price of $150 per unit and 4 units at a price of $140 per unit, its marginal revenue at an output of 4 is

• A) $-10.00.
• B) $10.00.
• C) $560.00.
• D) $110.00.

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Definitions:

Social Media

Platforms and websites that enable users to create and share content or to participate in social networking, facilitating communication and information exchange.

Snapchat

A multimedia messaging app known for its ephemeral nature, allowing users to send videos and pictures that disappear after being viewed.

Young Adults

Individuals in their late teens to early thirties, a demographic group often targeted by marketers for their spending power and lifestyle preferences.

Expiring Content

Digital content that is designed to disappear or become inaccessible after a certain period, commonly seen on social media platforms.