The following table shows the total revenue and total cost for a monopolist at various levels of output. OutputTotal RevenueTotal Cost11222226263503245840560516616675886848112936142 What is the marginal revenue associated with the sale of the fifth unit? $2-$2$10-$10

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What is the marginal revenue associated with the sale of the fifth unit? $2 -$2 $10 -$10

Micro Economics For Today

10th Edition

ISBN:9781337613064

Author:Tucker, Irvin B.

Publisher:Tucker, Irvin B.

Chapter9: Monopoly

Section: Chapter Questions

Problem 7SQ

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Question

100%

The following table shows the total revenue and total cost for a monopolist at various levels of output.

Output	Total Revenue	Total Cost
1	12	22
2	26	26
3	50	32
4	58	40
5	60	51
6	61	66
7	58	86
8	48	112
9	36	142

What is the marginal revenue associated with the sale of the fifth unit?

$2
-$2
$10
-$10

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