When a Monopolist Sells Two Units of Output Its Total

question 87

Multiple Choice

When a monopolist sells two units of output its total revenues are $100. When the monopolist sells three units of output its total revenues are $120. When the monopolist sells three units of output, the price per unit is

• A) $6.67.
• B) $20.
• C) $33.33.
• D) $40.

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Definitions:

Letter of Acceptance

A formal document indicating the acceptance of an offer or proposal, often related to employment, academic admissions, or business agreements.

Reminder

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Position Acceptance

The act of agreeing to take a specific job or role that has been offered.

Expression of Thanks

A phrase or statement that shows gratitude or appreciation towards an individual or group for their actions or support.