A Monopolist Can Sell 200 Units of Output for $36

question 204

Multiple Choice

A monopolist can sell 200 units of output for $36 per unit.Alternatively,it can sell 201 units of output for $35.80 per unit.The marginal revenue of the 201^st unit of output is

• A) $-4.20.
• B) $-0.20.
• C) $4.20.
• D) $35.80.

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Definitions:

Sensitive Periods

Specific times in an individual's development when they are more receptive to certain types of learning and environmental influences.

Imprinting

Instinctive form of learning in which, during a critical period in early development, a young animal forms an attachment to the first moving object it sees, usually the mother.

Lifelong Development

The concept that human development is a continuous process that occurs throughout an individual's lifetime, from birth to death.

Cognitive

Relating to, or involving conscious mental activities such as thinking, understanding, learning, and remembering.