Refer to the Following Table Showing a Monopolist's Demand Schedule

question 70

Multiple Choice

Refer to the following table showing a monopolist's demand schedule: What is marginal revenue for a price decrease from $50 to $40?

• A)$9,000
• B)$24,000
• C)$30
• D)$20
• E)$40

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Definitions:

Adaptations

The process by which a species becomes fitted to its environment; it is the result of natural selection acting upon heritable variation.

Evolutionary Modifications

Changes in an organism's genetic makeup over time, leading to adaptations and the emergence of new species through natural selection and other evolutionary processes.

Vestigial Structures

Anatomical features or behaviors that have lost all or most of their original function in a species through evolution.

Bioremediation

A method to clean up a hazardous waste site that uses microorganisms to break down toxic pollutants, or plants to selectively accumulate toxins.