Author Question: A monopolist can sell 6 units per day at 8 per unit, or 7 units per day at 7 per unit. Its marginal ... (Read 146 times)

iveyjurea · **on:** Jun 30, 2018

A monopolist can sell 6 units per day at 8 per unit, or 7 units per day at 7 per unit. Its marginal revenue for the seventh unit of output is:
a. 49.
b. 7.
c. 1.
d. -1.

Question 2

Tariffs are considered to be a popular tax in the first world countries who justify them on the basis of the revenue they generate for government spending.
a. True
b. False
Indicate whether the statement is true or false