This Graph Illustrates the Demand Faced by a Firm

question 36

Multiple Choice

This graph illustrates the demand faced by a firm.
Refer to the figure above.At a price of $8 per unit of output,the total revenue for the monopolist is ____,and the marginal revenue earned from the last unit sold is ____.

• A)$8;8
• B)$24;8
• C)$32;4
• D)$40;0

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Definitions:

Nature

The inherent qualities or characteristics of something, or the physical world collectively, including plants, animals, and landscapes.

Nurture

The influence of external factors like environment, education, and experience on the development and behavior of an individual.

Nature

The essential qualities or characteristics of something, or the physical world collectively, including plants, animals, landscapes, and other features and products of the earth, as opposed to humans or human creations.

Nurture

The influence of external factors like environment, education, and social experiences on the development of an individual's behaviors and traits.