The Table Given Below Shows the Price, Marginal Revenue and Marginal

question 89

Multiple Choice

The table given below shows the price, marginal revenue and marginal cost of a monopolist at different levels of the output.The firm does not incur a fixed cost of production. Table 10.4
Refer to Table 10.4 and calculate the total revenue earned by the monopolist at the profit maximizing level of output.

• A)$60.
• B)$16.
• C)$52.
• D)$42.
• E)$30.

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Definitions:

Standard Deviation

Standard deviation is a measure of the amount of variation or dispersion in a set of values, showing how much the values in a dataset differ from the mean.

Standard Deviation

A measure that indicates the amount of variation or dispersion from the average in a set of data.

Kilograms

A unit of mass equal to one thousand grams, used in the metric system.

Standard Deviation

A measure of the amount of variation or dispersion of a set of values, indicating how much the values in a data set deviate from the mean.