Solved

To Increase Sales from 7 Units to 8 Units,a Single-Price

Question 41

Multiple Choice

To increase sales from 7 units to 8 units,a single-price monopolist cuts the price from $7 per unit to $6 per unit.What is marginal revenue from selling the 8th unit?


A) $48
B) $6
C) $1
D) -$1
E) $7

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