Author Question: A monopolist can sell 7 units per day at 7 per unit, or 8 units per day at 6 per unit. Its marginal ... (Read 291 times)

oliviahorn72 · **on:** Jun 30, 2018

A monopolist can sell 7 units per day at 7 per unit, or 8 units per day at 6 per unit. Its marginal revenue for the eighth unit of output is:
a. 48.
b. 6.
c. 1.
d. -1.

Question 2

The rationale behind patents is that if inventors and artists cannot secure the returns from successful projects, fewer new inventions and works of art will be produced
Indicate whether the statement is true or false