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.

---

Definitions:

Variables

Elements or factors that can change and affect the outcome of scientific experiments or research studies, allowing researchers to determine effects and correlations.

Correlation Coefficient

A statistical measure that indicates the extent to which two variables fluctuate together.

Prejudice

A negative feeling toward an individual based solely on his or her membership in a particular group.

Correlation Coefficient

A statistical measure that calculates the strength of the relationship between two variables.