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2 November, 19:53

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.

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Answers (1)
  1. 2 November, 20:02
    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.
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