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Introduction to Economics 1
Introduction to Economics 1 Deneme Sınavı
Introduction to Economics 1 Deneme Sınavı Sorusu #726318
Introduction to Economics 1 Deneme Sınavı Sorusu #726318
A firm has a unit of good it sells for 7 TL. It produces a second unit of the same good and sells it for 6 TL. Therefore, how much is the marginal revenue from the second unit?
|
7 TL |
|
5 TL |
|
6 TL |
|
1 TL |
|
No change |
Yanıt Açıklaması:
A monopoly’s marginal revenue is less than its price: In order to increase its output by one unit, a monopoly must reduce the price it charges for every unit and this cut in price reduces the revenue on the units it was already selling. Therefore, the correct option is B.
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