2.Suppose a monopoly firm produces bicycles and can sell 10bicycles per month at a price of $700 per bicycle. In order toincrease sales by one bicycle per month, the monopolist must lowerthe price of its bicycles by $50 to $650 per bicycle. The marginalrevenue of the 11th bicycle is

		$150.
		-$50.
		$50.
		$7,150.