747576

Refer to the information provided in Table 13.1 below to answer the question(s) that follow. Table 13.1 Price ($) Quantity 4.00 2.000 3.50 2,400 3.00 2,800 2.50 3.200 2.00 3.600 1.50 4.000 1.00 4.400 74) Refer to Table 13.1. If a monopoly faces the demand schedule given in the table, what is its marginal revenue from the 2,400th unit it sells? A) $1 B) $3.50 C) $3.75 D) $400 75) Refer to Table 13.1. If a monopoly faces the demand schedule given in the table, what is its marginal revenue from the 4,000th unit it sells? A) -$3 B) $1.50 C) $3 D) $1,200 76) Refer to Table 13.1. If a monopoly faces the demand schedule given in the table, at what level of output is its marginal revenue maximized? A) 2,400 B) 2,800 C) 3,200 D) 3,600