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Part A) A monopolistic firm has a sales schedule such that it can sell 15 goods per week at $20 each, but if it restricts
Part A) A monopolistic firm has a sales schedule such that it can sell 15 goods per week at $20 each, but if it restricts its output to 14 per week it can sell these at $22 each. The marginal revenue of the 15 unit of sales per week is:
Part B) Based on the data in the above question, is it possible for the monopolist to produce the 15th unit?
a- NO
b- Can't determine
c- Yes
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