Table 15-1 a Monopoly Producer of Foreign Language Translation Software Faces a Language

question 206

Multiple Choice

Table 15-1

A monopoly producer of foreign language translation software faces a demand and cost structure as given in Table 15-1.
-Refer to Table 15-1.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:

Open Market Securities

Financial instruments such as bonds or stocks that are traded freely on the open market and can be bought and sold by investors.

Fed

Short for the Federal Reserve, which is the central banking system of the United States, responsible for monetary policy.

Business Investment

The act of allocating resources, usually in the form of capital, to create, expand, or improve a business's assets.

Required Reserves

The minimum amount of funds that a bank or depository institution must hold in reserve against specified deposit liabilities.