A Monopolist Can Sell 20 Units a Week at a Price

question 6

Multiple Choice

A monopolist can sell 20 units a week at a price of $10 per unit. To sell 21 units a week, it would have to lower its price to $9 per unit. The marginal revenue of the 21^st unit would be:

• A)$9.
• B)−$11.
• C)−$12.
• D)−$20.
• E)$11.

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Definitions:

Orientation

A process or state of being oriented; can refer to one's position in space, direction, or adjustment to a new environment.

Affects

Refers to the experience of feeling or emotion in psychology, influencing an individual's behavior and perceptions.

Siblings

Brothers or sisters; individuals having one or both parents in common.

Influence

The capacity to have an effect on the character, development, or behavior of someone or something.