Multiple Choice
A monopolistic firm has a sales schedule such that it can sell 10 prefabricated garages per week at $10,000 each, but if it restricts its output to 9 per week it can sell these at $11,000 each. The marginal revenue of the 10th unit of sales per week is
A) $-1,000.
B) $9,000.
C) $1,000.
D) $10,000.
Correct Answer:
Verified
Correct Answer:
Verified
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