Table 15-21 Tommy's Tie Company, a Monopolist, Has the Following Cost and Cost

question 95

Multiple Choice

Table 15-21
Tommy's Tie Company, a monopolist, has the following cost and revenue information. Assume that Tommy's is able to engage in perfect price discrimination.
-Refer to Table 15-21. If the monopolist can engage in perfect price discrimination, what is the marginal revenue from selling the 8th tie?

• A)$45
• B)$60
• C)$80
• D)$95

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Definitions:

Whisk Fern

A type of vascular plant belonging to the genus Psilotum, known for its simple, whisk-like appearance without true leaves or roots.

Club Moss

A type of non-flowering plant belonging to the Lycopodiophyta division, known for its moss-like appearance and reproductive via spores.

Megaspore

The n spore in heterosporous plants that gives rise to a female gametophyte. Compare with microspore.

Sporophyte Generation

A phase in the life cycle of plants and algae that is diploid, producing spores through meiosis to give rise to the gametophyte generation.