Multiple Choice
(Table: Prices and Demand) Look at the table Prices and Demand.The New Orleans Saints have a monopoly on Saints logo baseball hats.The Saints sell at most one hat to each customer, and the table shows each customer's willingness to pay.The marginal cost of producing a hat is $18.If the Saints increase the number of hats they sell from 4 to 5, marginal revenue is:
A) $20.
B) $22.
C) $8.
D) $12.
Correct Answer:

Verified
Correct Answer:
Verified
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