A Monopolist Can Sell 300 Units of Output for $29

question 79

Multiple Choice

A monopolist can sell 300 units of output for $29.00 per unit. Alternatively, it can sell 301 units of output for $28.25 per unit. The marginal revenue of the 301st unit of output is:

• A) -$196.75.
• B) -$0.75.
• C) $196.75.
• D) $28.25.

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Definitions:

Periphery

The outer limits or edge of an area or object, often used metaphorically to describe areas that are marginal or less central.

Retina

The light-sensitive layer of tissue located at the back of the eye, which is responsible for converting light into neural signals for vision.

Fovea

Fovea is a small depression in the retina of the eye where visual acuity is highest, due to the concentration of cone cells.

Rods

Photoreceptor cells in the retina of the eye that are sensitive to low light levels and are primarily responsible for night vision.