Table 15-1 a Monopoly Producer of Foreign Language Translation Software Faces a Language

question 206

Multiple Choice

Table 15-1

A monopoly producer of foreign language translation software faces a demand and cost structure as given in Table 15-1.
-Refer to Table 15-1.What is the marginal revenue from the sale of the 12th unit?

• A)$75
• B)$50
• C)$20
• D)-$5

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Definitions:

Collection Float

The time delay between when a check is written and when the funds are actually deducted from the payer's account.

Treasury Bills

Short-term government securities issued at a discount from their face value and maturing at par.

Interest Rate

An Interest Rate is the percentage of principal charged by a lender for the use of its money or the rate earned on deposited funds.

Collection Float

The time period between when a check is deposited in a bank and when the amount is available in the account, affecting cash flow management.