Use the Following to Answer Questions

question 8

Multiple Choice

Use the following to answer questions:
-(Table: Demand and Total Cost) Look at the table Demand and Total Cost. Lenoia runs a natural monopoly producing electricity for a small mountain village. The table shows Lenoia's demand and total cost of producing electricity. The marginal revenue of the fourth unit of production is:

• A) $200.
• B) $250.
• C) $450.
• D) $500.

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Definitions:

Insane Person

Refers to an individual with severe mental illness to the point where they cannot understand the nature or consequences of their actions.

Status Indian

A legal identification in Canada for a First Nations person who is registered under the Indian Act, granting them specific rights and benefits.

Legal Relationship

A connection between entities or individuals that is recognized and regulated by law.

Presumptions

In legal contexts, assumptions made by the law that hold until disproven.