Table 91 -Refer to Table 9

question 79

Multiple Choice

Table 9.1
$$\begin{array} { | c | c | c | c | } \hline \text { Quantity } & \text { Price } ( \$ ) & \begin{array} { l } \text { Total } \\\text { Revenue }\end{array} & \begin{array} { l } \text { Marginal } \\\text { Revenue }\end{array} \\\hline 1 & 50 & 50 & - \\\hline 2 & 45 & 90 & 40 \\\hline 3 & 40 & & 30 \\\hline 4 & & 140 & 20 \\\hline 5 & 30 & 150 & \\\hline\end{array}$$
-Refer to Table 9.1,which shows revenue for a monopolist.Total revenue from selling 3 units is _____

• A)$10.
• B)$120.
• C)$90.
• D)$35.
• E)$50.

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Definitions:

Underlying Principle

The basic foundational idea or assumption that forms the basis for a system, theory, or policy.

Self-Fulfilling Prophecy

What occurs when a person acts in ways that confirm another’s expectations.

Different Assumptions

The varying underlying beliefs or ideas that individuals or groups hold, which can influence perceptions, decisions, and behaviors in diverse contexts.

Hawthorne Studies

A series of experiments conducted in the 1920s and 1930s that revealed the importance of social relations and worker satisfaction in the workplace.