Suppose the accompanying table describes the demand for a good produced by monopolist.   Price Quantity $ 20 1 19 2 18 3 17 4 16 5 15 6 14 7 13 8 12 9 11 10 10 11 9 12 The monopolist’s total revenue from selling three units is ______, and the monopolist’s marginal revenue from selling the third unit is ______.   Multiple Choice   $57; $18   $57; $16   $54; $16   $6; $6

ENGR.ECONOMIC ANALYSIS
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ISBN:9780190931919
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Chapter1: Making Economics Decisions
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Suppose the accompanying table describes the demand for a good produced by monopolist.

 

Price Quantity
$ 20 1
19 2
18 3
17 4
16 5
15 6
14 7
13 8
12 9
11 10
10 11
9 12


The monopolist’s total revenue from selling three units is ______, and the monopolist’s marginal revenue from selling the third unit is ______.

 

Multiple Choice
  •  
    $57; $18
  •  
    $57; $16
  •  
    $54; $16
  •  
    $6; $6
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