Multiple Choice
(Table) Suppose a monopolist faces the demand schedule shown in the table. If the firm is currently selling 4 units per day and wants to sell 5 units per day, what is the effect on total revenue for this sale of one additional unit?
A) Total revenue falls by $5.
B) Total revenue rises by $20.
C) There is no effect on total revenue.
D) Total revenue falls by $15.
Correct Answer:

Verified
Correct Answer:
Verified
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