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Suppose That a Pure Monopolist Can Sell 47 Units of Output

Question 404

Multiple Choice

Suppose that a pure monopolist can sell 47 units of output at $16 per unit and 48 units at $15.80 per unit. The marginal revenue of the 48th unit of output is


A) $15.80.
B) $758.40
C) $6.40.
D) $0.20.

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