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53) A monopolist faces a straight-line demand curve and is currently producing an output level of 2000 units receiving $10 000 in total revenue. At an output of 1000 units the marginal revenue for this firm would be A) 0. B) $2.50. C) $5.00. D) $10.00. E) Impossible to tell with the given information.

53) A monopolist faces a straight-line demand curve and is currently producing an output level of 2000 units receiving $10 000 in total revenue. At an output of 1000 units the marginal revenue for this firm would be A) 0. B) $2.50. C) $5.00. D) $10.00. E) Impossible to tell with the given information.

ENGR.ECONOMIC ANALYSIS
ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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53) A monopolist faces a straight-line demand curve and is currently producing an output level of 2000 units receiving $10 000 in total revenue. At an output of 1000 units the marginal revenue for this firm would be A) 0. B) $2.50. C) $5.00. D) $10.00. E) Impossible to tell with the given information.
Transcribed Image Text:53) A monopolist faces a straight-line demand curve and is currently producing an output level of 2000 units receiving $10 000 in total revenue. At an output of 1000 units the marginal revenue for this firm would be A) 0. B) $2.50. C) $5.00. D) $10.00. E) Impossible to tell with the given information.
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