The Following Table Shows the Marginal Revenues Earned by a Price

question 105

Multiple Choice

The following table shows the marginal revenues earned by a price discriminating monopolist from two different markets. Table 24.4
Refer to Table 24.4.If marginal cost is $30 in both markets, what quantities will be supplied in each of the markets?

• A)4 units in market X;1 unit in market Y
• B)4 units in market X;2 units in market Y
• C)2 units in market X;3 units in market Y
• D)3 units in market X;3 units in market Y
• E)3 units in market X;nothing in market Y

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Definitions:

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Components of a vehicle where the wheel, tire, and often the braking system are assembled together before being installed on a vehicle.

Metal Cabinets

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A written order from one party to another, directing the payment of a specified sum of money to a third party, often used in trade.