A Monopolist Can Sell 20 Units a Week at a Price

question 73

Multiple Choice

A monopolist can sell 20 units a week at a price of $10 per unit.To sell 21 units a week,it would have to lower its price to $9 per unit.The marginal revenue of the 21^st unit would be:

• A) $9.
• B) -$11
• C) -$12
• D) -$20

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Definitions:

Exterminating Company

A business specializing in the removal and control of pests, such as insects and rodents, from homes, businesses, and other properties.

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A professional who performs financial functions related to the collection, accuracy, recording, analysis, and presentation of a business, organization, or individual’s financial operations.

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Incorporating spiritual practices into corporate cultures to enhance employee well-being and organizational performance.

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A state of being comfortable, healthy, or happy, often encompassing mental, physical, and social health.