Exhibit 23-7 Refer to Exhibit 23-7. Let D Be the Demand Curve

question 166

Multiple Choice

Exhibit 23-7
Refer to Exhibit 23-7. Let D be the demand curve facing a perfectly price-discriminating monopolist. The marginal revenue it receives from selling the 150th unit of good X sold equals

• A)$60.
• B)$45.
• C)$30.
• D)$0, since it sells less than 150 units.

---

Definitions:

Segmented Income Statement

A financial statement that breaks down revenues, costs, and profits for different parts of an organization, such as departments or product lines.

Contribution Format

An income statement format that separates variable costs from fixed costs, highlighting the contribution margin of sales over variable costs.

Consumer Segment

A specific group of customers targeted based on similar needs, preferences, or demographic profiles.

Sales

The entire income earned by a company from selling its products or services over a certain time frame.