If a Monopolist Can Sell 7 Units When the Price

question 230

Multiple Choice

If a monopolist can sell 7 units when the price is $4 and 8 units when the price is $3,then marginal revenue of selling the eighth unit is equal to

• A) $3.
• B) $4.
• C) $24.
• D) -$4.

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Definitions:

Sleepwalking

A disorder occurring during deep sleep in which an individual performs activities they are normally capable of only while awake, with limited consciousness and recollection.

Sleeptalking

The act of speaking during sleep without being aware of it, a phenomenon that can occur in any stage of the sleep cycle.

Narcolepsy

A chronic sleep disorder characterized by overwhelming daytime drowsiness and sudden attacks of sleep, often accompanied by loss of muscle tone triggered by strong emotions (cataplexy).

Night Terrors

Intense episodes of fear that occur during sleep, often resulting in screaming, thrashing, and a high level of distress, typically not remembered upon awakening.