Suppose That a Pure Monopolist Can Sell 20 Units of Output

question 93

Multiple Choice

Suppose that a pure monopolist can sell 20 units of output at $10 per unit and 21 units at $9.75 per unit.The marginal revenue of the 21^st unit of output is:

• A) $9.75.
• B) $204.75.
• C) $4.75.
• D) $.25.

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Definitions:

Immigrant Groups

Populations that have moved from one country to another, often forming communities and preserving cultural practices in their new locations.

Phenotype

The observable characteristics or traits of an organism, resulting from the interaction of its genotype with the environment.

Visible Structure

The physical or organizational form of something as it appears to the naked eye.

Organism's

Refers to any individual living entity, from single-celled microorganisms to plants and animals, including humans.