Question
22.The question below is based on the following demand schedule for a monopolist: ______________________________________________________________ P ($) Q (units) TR ($) MR ($) (1) (2) (3)
22.The question below is based on the following demand schedule for a monopolist:
______________________________________________________________
P ($) Q (units) TR ($) MR ($)
(1) (2) (3) = (1)(2) (4)
______________________________________________________________
160 1
150 2
140 3
130 4
120 5
______________________________________________________________
Where: P is Price; Q is Quantity; TR is Total Revenue; MR is Marginal Revenue.
The marginal revenue associated with the sale of the third unit is:
Group of answer choices
a. $390.
b. $130
c. $140.
d. $120.
e. $110.
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