A Monopolist Can Sell 300 Units of Output for $29

question 79

Multiple Choice

A monopolist can sell 300 units of output for $29.00 per unit. Alternatively, it can sell 301 units of output for $28.25 per unit. The marginal revenue of the 301st unit of output is:

• A) -$196.75.
• B) -$0.75.
• C) $196.75.
• D) $28.25.

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Definitions:

Transmits Data

The process of sending data from one place to another through a medium, such as over a network or the internet.

Bandwidth

The maximum rate of data transfer across a given path.

Communications Channels

The mediums through which information is transmitted from one entity to another, such as email, social media, or face-to-face conversations.

High-Speed Internet

Refers to internet service that offers significantly faster download and upload speeds compared to traditional dial-up connections, enabling more efficient online activities.