A Monopolist Can Sell 7 Units Per Day at $7

question 20

Multiple Choice

A monopolist can sell 7 units per day at $7 per unit, or 8 units per day at $6 per unit.Its marginal revenue for the eighth unit of output is:

• A)$48.
• B)$6.
• C)$1.
• D)$-1
• E)impossible to determine.

---

Definitions:

Risk Acceptance

is a decision to acknowledge the potential for loss, harm, or adverse effects and proceed with a planned action despite the risks.

Potential Risk

Refers to the possibility of an event or condition that could lead to a negative impact on objectives.

Operating

Refers to the activities involved in the day-to-day functions and management of an organization.

Ransomware

Malware that encrypts a victim's files, with the attacker then demanding a ransom from the victim for the decryption key.