Suppose That a Monopolist Increases Production from 10 Units to 11

question 149

Multiple Choice

Suppose that a monopolist increases production from 10 units to 11 units.If the market price declines from $20 per unit to $19 per unit, marginal revenue for the eleventh unit is:

• A) $1.
• B) $9.
• C) $19.
• D) $20.

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