The Figure Below Shows the Demand Schedule and Demand Curve

question 93

Multiple Choice

The figure below shows the demand schedule and demand curve for a product produced by a single-price monopolist. FIGURE 10-1
-Refer to Figure 10-1.Suppose this single-price monopolist is initially selling 5 units at $8 each and then reduces the price of the product to $6.By making this change,the firm is giving up revenue of ________ on the original number of units sold and gaining revenue of ________ on the additional units sold.Its marginal revenue is therefore ________.(All figures are dollars.)

• A)38; 40; 2
• B)8; 6; 2
• C)10; 12; 2
• D)14; 14; 0
• E)5; 7; -2

---

Definitions:

Printer

A device that transfers text and graphics from a computer onto paper or other media, producing physical copies of digital documents.

Internet

A global network of computers and servers that allows for the exchange of data, communication, and access to information across the world.

ROM Chips

Non-volatile memory chips that permanently store instructions for computing devices; ROM stands for Read-Only Memory.

Virtual Memory

A memory management capability of an operating system that uses hardware and software to allow a computer to compensate for physical memory shortages, temporarily transferring data from RAM to disk storage.