Table 131 A Monopoly Producer of Foreign Language Translation Software Faces a \begin{array}{c}
\text

question 38

Multiple Choice

Table 13.1
$\begin{array}{|c|c|c|}\hline \text { Price per Unit } & \begin{array}{c}\text { Quantity } \\\text { Demanded } \\\text { (units) }\end{array} & \begin{array}{c}\text { Total Cost of } \\\text { Production } \\\text { (dollars) }\end{array} \\\hline \$ 85 & 10 & \$ 530 \\\hline 80 & 11 & 540 \\\hline 75 & 12 & 550 \\\hline 70 & 13 & 560 \\\hline 65 & 14 & 575 \\\hline 60 & 15 & 595 \\\hline 55 & 16 & 625 \\\hline\end{array}$
A monopoly producer of foreign language translation software faces a demand and cost structure as given in Table 13.1.
-Refer to Table 13.1.What is the marginal revenue from the sale of the 12th unit?

• A)$75
• B)$50
• C)$20
• D)-$5

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Definitions:

Self-Serving Bias

The tendency to attribute positive outcomes to one's own actions and negative outcomes to external factors.

Attribution Process

The mental operation individuals go through to explain the causes of behavior and events, including their own and others'.

Grades

Levels or steps within a hierarchical evaluation system, typically used to assess performance, quality, or rank.

Attributional Errors

Cognitive biases that occur when one incorrectly attributes the cause of a behavior or event to the wrong source, often leading to misunderstandings.