An Unregulated Monopolist Could Sell the First Unit of Output

question 76

Multiple Choice

An unregulated monopolist could sell the first unit of output for $40.However,for each additional unit sold,the monopolist is forced to reduce the price by $2.
-Refer to the above information to answer this question.What is the value of the marginal revenue of the 7^th unit?

• A)$12.
• B)$16.
• C)$28.
• D)$34.
• E)$180.

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Definitions:

Psychological Societies

Organizations or groups comprised of psychologists and professionals interested in the study of the mind and behavior for the advancement of psychological knowledge and practice.

Learned Taste Aversion

The phenomenon where an individual learns to avoid a food or taste after a negative experience, such as illness, associated with it.

Physical Stimulus

An external factor that can elicit a physical response from an organism, often through sensory organs.

Visual Stimuli

Visual stimuli are any objects or aspects within the environment that can be seen and thus influence visual perception.