Solved

Assume a Non-Price Discriminating Monopolist Can Sell 20 Units of a Good

Question 31

Multiple Choice

Assume a non-price discriminating monopolist can sell 20 units of a good for 4.00 each and can sell 21 units of that good for $ 3.85 each.The marginal revenue of the 21st unit is


A) $85.00.
B) $0.85.
C) -$0.85.
D) -$85.00.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q26: To maximize profit,the monopolist produces on the

Q27: When the firm is producing at the

Q28: For a monopolist,price is equal to marginal

Q29: For a competitive firm,the level of output

Q32: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB5233/.jpg" alt=" -Refer to Figure

Q33: What is a government franchise? Give an

Q34: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB5233/.jpg" alt=" -Refer to Figure

Q35: Recall the Application about the reason for

Q36: Which of the following is a result

Q288: From society's point of view, a monopolist