When a Certain Monopoly Sets Its Price at $8 It

question 152

Multiple Choice

When a certain monopoly sets its price at $8 it sells 64 units. When the monopoly sets its price at $10 it sells 60 units. The marginal revenue for the firm over this range is

• A)$11.
• B)$22.
• C)$33.
• D)$44.

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Definitions:

Ferns

are a group of plant species that reproduce via spores and have neither seeds nor flowers, characterized by large, divided leaves.

Megaspore

A type of spore that is larger in size, produced by certain plants, that develops into a female gametophyte.

Mature Female

Typically refers to an adult female organism that has reached reproductive age or capability.

Gametophyte

The sexual phase in the life cycle of plants and algae that produces gametes.