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Question 10

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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, the quantity effect is a(n) _____ in total revenue of _____. A) decrease; $20 B) increase; $20 C) decrease; $8 D) increase; $8
-(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, the quantity effect is a(n) _____ in total revenue of _____.


A) decrease; $20
B) increase; $20
C) decrease; $8
D) increase; $8

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