Refer to the Information Provided in Table 13 -Refer to Table 13

question 341

Multiple Choice

Refer to the information provided in Table 13.1 below to answer the question(s) that follow.
Table 13.1
$$\begin{array} { | c | c | } \hline \text { Price } ( \$ ) & \text { Quantity } \\\hline 4.00 & 2,000 \\\hline 3.50 & 2,400 \\\hline 3.00 & 2,800 \\\hline 2.50 & 3,200 \\\hline 2.00 & 3,600 \\\hline 1.50 & 4,000 \\\hline 1.00 & 4,400 \\\hline\end{array}$$
-Refer to Table 13.1. If a monopoly faces the demand schedule given in the table, what is its marginal revenue from the 2,400th unit it sells?

• A) $1
• B) $3.50
• C) $3.75
• D) $400

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Definitions:

Polarizing Impact

The effect of intensifying differences and divisions within a group or between groups, often leading to a heightened state of conflict or disagreement.

Group Polarization

The phenomenon that occurs when a group's prevailing attitudes or decisions become more extreme following group discussion.

Extreme Decisions

Choices or judgments that are significantly different from the norm, often involving high risk or unconventional solutions.

Individual Performance

The measure of the output or results achieved by a single person in their job, task, or activity.