If the Inverse Demand Function for a Monopoly's Product Is

question 42

Multiple Choice

If the inverse demand function for a monopoly's product is p = 100 - 2Q,then the firm's marginal revenue function is

• A) -2.
• B) 100 - 4Q.
• C) 200 - 4Q.
• D) 200 - 2Q.

---

Definitions:

Indirect Materials

Materials used in the production process but not directly traceable to a finished product, such as lubricants for machinery.

Spending Variance

The difference between the budgeted or planned amount of expense and the actual amount spent.

Standard Costing System

A cost accounting system that assigns expected costs to products to help managers monitor and control actual costs.

Direct Materials

Raw materials that can be directly traced to the production of a specific product.