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Assume That Pura Water,a Local Monopoly Water Utility Company,is Currently

Question 121

Multiple Choice

Assume that Pura Water,a local monopoly water utility company,is currently selling 10,000 gallons per hour at a price of $0.10 per gallon.If Pura Water wants to sell 1,000 gallons more,it will have to lower the price to $0.09 per gallon.The marginal revenue of the 10,001 is approximately


A) -$999.91.
B) -$99.91.
C) $9.91.
D) $99.91.

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