A Pure Monopolist Is Selling Six Units at a Price

question 123

Multiple Choice

A pure monopolist is selling six units at a price of $12.If the marginal revenue of the seventh unit is $5, then the

• A)price of the seventh unit is $10.
• B)price of the seventh unit is $11.
• C)price of the seventh unit is greater than $12.
• D)firm's demand curve is perfectly elastic.

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Definitions:

Material Safety Data Sheet

A document that provides information on the properties of hazardous chemicals, and instructions for safe handling and emergency measures in case of exposure.

Hazard Evaluation

The process of identifying and assessing potential hazards that could cause injury, illness, or adverse health effects in a particular environment or product.

Chemicals

Substances used in or produced by chemical processes, which are essential to modern life but can also be hazardous if not managed properly.

Neural Tube Defect

A type of birth defect affecting the brain, spine, or spinal cord, occurring in the early stages of pregnancy due to the neural tube not closing completely.