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Total Revenue Is in Dollars and X Is the Number

Question 148

Multiple Choice

Total revenue is in dollars and x is the number of units. Suppose that in a monopoly market, the demand function for a product is given by Total revenue is in dollars and x is the number of units. Suppose that in a monopoly market, the demand function for a product is given by , where x is the number of units and p is the price in dollars. Is more revenue expected from the 101st unit sold or from the 401st unit sold? ​ A) The 101st unit will bring in more in revenue. B) The 401st unit will bring in more in revenue. , where x is the number of units and p is the price in dollars. Is more revenue expected from the 101st unit sold or from the 401st unit sold? ​


A) The 101st unit will bring in more in revenue.
B) The 401st unit will bring in more in revenue.

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