The Following Table Shows the Marginal Revenues Earned by a Price

question 24

Multiple Choice

The following table shows the marginal revenues earned by a price discriminating monopolist from two different markets. Table 10.5
Refer to Table 10.5.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:

Tolerance

The willingness to accept and permit beliefs or practices that one may disagree with or find undesirable.

Constantly Comparing

The habitual act of comparing oneself to others in various aspects of life.

Motivate

To provide a reason, incentive, or encouragement for someone to act or behave in a particular way.

Achievement

Achievement refers to something accomplished, particularly by superior ability, special effort, great courage, or a notable feat, often recognized because of its significance.