A Single-Price Monopoly Can Sell 10 Units of Its Product

question 168

Multiple Choice

A single-price monopoly can sell 10 units of its product at a price of $45 each but to sell 11 units,the monopoly must cut the price to $44.What is the marginal revenue of the extra unit sold?

• A) $484
• B) $450
• C) $44
• D) $34
• E) -$1

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Definitions:

Balance

The ability to maintain the body's center of mass over its base of support, crucial for standing and moving efficiently and avoiding falls.

Ligament Tear

A ligament tear refers to damage to a ligament, the fibrous connective tissue that connects bones to other bones, often caused by twisting or a sudden impact.

Joint Fracture

A break or crack in the bones that form a joint, leading to pain, swelling, and impaired function of the affected joint.

Range of Motion

The complete range of motion a joint can achieve, typically including both bending and straightening movements.