Multiple Choice
Consider a monopolist selling her output in two markets,A and B.The price elasticity of demand in market A is 1.5,while the same in market B is 2.5.Calculate the marginal revenue [MR] from each market,if the monopolist charges $300 for the product in both the markets.
A) MRA = 13.3;MRB = 24.8
B) MRA = 6.11;MRB = 35.8
C) MRA = 11.11;MRB = 64.8
D) MRA = 15.3;MRB = 74.8
Correct Answer:

Verified
Correct Answer:
Verified
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