Ask Question
28 January, 11:39

If a monopolist increases the selling price of a good from $20 to $30, then what is the marginal revenue?

a. $20

b. $30

c. $10

d. this cannot be determined from the information given.

Answers (1)
  1. A
    28 January, 12:49
    0
    The answer is D. Cannot be determined from the information given

    Marginal revenue is the amount of revenue that the company will receieve by increasing the sales by 1 product.

    In order to calculate this, we need information about the difference in profit and the difference in amount of product sales.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “If a monopolist increases the selling price of a good from $20 to $30, then what is the marginal revenue? a. $20 b. $30 c. $10 d. this ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers
Sign In
Ask Question