Multiple Choice
A firm produces heavy machinery and can sell 10 units per month at a price of $50,000.To increase sales to 11 units per month,the firm must cut its price to $46,000.The marginal revenue for selling one extra unit per month is
A) $363.
B) $4,000.
C) $4,182.
D) $6,000.
E) $46,000.
Correct Answer:
Verified
Correct Answer:
Verified
Q23: Marginal revenue<br>A) generally rises as output increases.<br>B)
Q24: Experience with public regulation of monopolies indicates
Q25: If the demand curve is horizontal,marginal revenue
Q26: In the United States regulated industries produce
Q27: Compared to a perfectly competitive industry in
Q29: The following question are based on the
Q30: In addition to misallocating resources,monopolists are also
Q31: The following question are based on the
Q32: When total revenue for a monopolist reaches
Q33: The following question are based on the