A monopolist can sell 6 units per day at 8 per unit, or 7 units ...

[iveyjurea]

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

[Ksanderson1296]

Answer to Question 1

c

Answer to Question 2

False

[iveyjurea]

Excellent

[meow1234]

Thanks for the timely response, appreciate it