Kate's Great Crete (KGC)is a Local Monopolist of Ready-Mix Concrete

question 29

Multiple Choice

Kate's Great Crete (KGC) is a local monopolist of ready-mix concrete.Its annual demand function is ,where P is the price,in dollars,of a cubic yard of concrete and Q is the number of cubic yards sold per year.What is KGC's marginal revenue when it sells 5,000 cubic years of concrete per year?

• A) $37.5
• B) $25
• C) $50
• D) $0

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Definitions:

Flexibility

The ability to adapt to new, different, or changing requirements and situations.

Prenatal Development

The process of growth and development within the womb from conception to birth.

Zygotic

Pertaining to a zygote, which is a fertilized egg cell that results from the union of a female gamete (ovum) and a male gamete (sperm).

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Pertaining to an embryo, which is an early stage in the development of organisms, prior to birth or hatching.