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Given the data in the above table, what is the marginal revenue when the 12th unit is sold

Given the data in the above table, what is the marginal revenue when the 12th unit is sold?

A) $7.00

B) $5.00

C) $3.00

D) $1.00

 

52) Given the data in the above table, what is the marginal revenue when the 13th unit is sold?

A) $7.00

B) $5.00

C) $3.00

D) $1.00

53) Given the data in the above table, what is the marginal revenue when the 14th unit is sold?

A) $7.00

B) $5.00

C) $3.00

D) $1.00

 

54) Given the data in the above table, the marginal revenue curve

A) lies below the demand curve.

B) lies above the demand curve.

C) intersects the demand curve.

D) is equal to the demand curve.

 

55) The MR curve of a monopolist is

A) downward sloping and below the demand curve.

B) downsloping and identical to the demand curve.

C) downsloping and above the demand curve.

D) horizontal and same as the market demand curve.

 

56) When TR is increasing as a monopolist's output increases,

A) MR is negative.

B) MR is positive.

C) MR = 0.

D) MR may be positive or negative.

57) If a monopolist can sell 2 units at price of $200 per unit and 3 units at a price of $180 per unit, its marginal revenue at an output of 3 is

A) $-20.00.

B) $80.00.

C) $140.00.

D) $180.00.

 

58) If a monopolist can sell 3 units at price of $150 per unit and 4 units at a price of $140 per unit, its marginal revenue at an output of 4 is

A) $-10.00.

B) $10.00.

C) $560.00.

D) $110.00.

Dec 09 2019 Read more Less More

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