A Monopoly Firm Can Sell 150 Units of Output for $10

question 213

Multiple Choice

A monopoly firm can sell 150 units of output for $10 per unit.Alternatively,it can sell 151 units of output for $9.95 per unit.The marginal revenue of the 151^st unit of output is

• A) $-2.45.
• B) $-0.05.
• C) $2.45.
• D) $9.95.

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Definitions:

Battery

An intentional and unlawful physical act that results in contact with another person without their consent.

Physical Injury

Harm or damage to the body resulting from an external force, potentially causing pain, disability or death.

Trespasser

A person who enters someone else's property without permission or lawful excuse.

Roughhousing

Boisterous, physical play involving minor scuffles and wrestling, usually not intended to cause serious harm.