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Question 266

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Use the following to answer questions: Use the following to answer questions: -(Table: Prices and Demand) The New Orleans Saints have a monopoly on Saints logo hats. The marginal cost of producing a hat is $18. If the Saints increase the number of hats they sell from four to five, their total revenue changes from _____ to _____. A) $88; $100 B) $22; $20 C) $88; $80 D) $110; $100
-(Table: Prices and Demand) The New Orleans Saints have a monopoly on Saints logo hats. The marginal cost of producing a hat is $18. If the Saints increase the number of hats they sell from four to five, their total revenue changes from _____ to _____.


A) $88; $100
B) $22; $20
C) $88; $80
D) $110; $100

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