If a Monopolist Can Sell 9 Units at Price of $100

question 371

Multiple Choice

If a monopolist can sell 9 units at price of $100 per unit and 10 units at a price of $90 per unit, its marginal revenue at an output of 10 units is

• A) $-90.
• B) $0.
• C) $90.
• D) $100.

---

Definitions:

Nonmaterial Culture

The norms, laws, customs, ideas, and beliefs of a group of people.

Cultural Hegemony

A concept where the dominant cultural norms and values of a society are imposed by the ruling class as the cultural norm.

Consumer-based Culture

A society characterized by the excessive buying and spending of goods and services, with consumer preferences and activities shaping social norms and values.

Traditional Values

The long-established principles and moral standards that are passed down through generations, often seen as the foundation for social norms and behaviors.