If a Monopolist Can Sell 2 Units at Price of $200

question 364

Multiple Choice

If a monopolist can sell 2 units at price of $200 per unit and 3 units at a price of $180 per unit, its marginal revenue at an output of 3 is

• A) $-20.00.
• B) $80.00.
• C) $140.00.
• D) $180.00.

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Definitions:

Calcium

A metallic chemical element essential for living organisms, particularly in cell physiology and bone formation.

Chlorine

Chlorine is a chemical element with symbol Cl and atomic number 17, known for its powerful disinfectant properties and use in water purification.

Lewis Dot Structure

A diagram that represents the valence electrons of an atom as dots around the elements' symbols and indicates the bonding between atoms in a molecule.

Electrons

Negatively charged particles located within every atom that are essential for chemical reactions and the production of electricity.