Suppose the Table Below Describes the Demand for a Good

question 45

Multiple Choice

Suppose the table below describes the demand for a good produced by monopolist. $$\begin{array} { | c | c | } \hline \text { Price } & \text { Quantity } \\\hline \$ 10 & 1 \\\hline \$ 9 & 2 \\\hline \$ 8 & 3 \\\hline \$ 7 & 4 \\\hline \$ 6 & 5 \\\hline \$ 5 & 6 \\\hline \$ 4 & 7 \\\hline\end{array}$$ The monopolist's total revenue from selling 3 units is ______, and the monopolist's marginal revenue from selling the 3^rd unit is ______.

• A)$28; 8
• B)$24; 6
• C)$52; 1
• D)$24; 8

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Commercial Paper

Commercial paper refers to short-term, unsecured promissory notes issued by companies to finance their short-term liabilities.

Marketable Securities

Financial instruments that can be easily converted into cash, typically with high liquidity and short maturity periods.

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Marketable Securities

Financial instruments that can easily be converted to cash without a significant loss in value.