For a pure monopoly to sell a quantity of 10 units, the price must be $8. Marginal revenue (MR) at this output level will beMultiple Choice> $8 and < $16.< $8.= $8.> $16.

If a monopolist is able to increase the amount of product she sells from 400 to 420 units by lowering the price of that product from $50 to $45, her marginal revenue ismultiple choice$55.$−55.$1,100.$−1,100.

A monopolist can sell 300 units of output for $45 per unit. Alternatively, it can sell 301 units of output for $44.60 per unit. The marginal revenue of the 301st unit of output isGroup of answer choices-$120.00.$75.40.-$75.40.-$0.40.

A pure monopolist is selling 6 units at a price of R12. If the marginal revenue of the seventh unit is R5, then:Multiple Choiceprice of the seventh unit is R10.price of the seventh unit is R11.price of the seventh unit is greater than R12.firm's demand curve is perfectly elastic.

Consider a monopoly where consumers are currently consuming where the marginal utility is 10 units of utility for the good. The price of the product is $5. The marginal cost of producing the good is $2.00. Then consider perfectly competitive firms where consumers are currently consuming where the marginal utility is 20 units of utility for the perfectly competitive product. The price of the product is $10. At current production levels, the marginal cost of producing the good is $10.Question 10.19HomeworkUnansweredDue Apr 12th, 11:59 PMBased on the text above, calculate the marginal utility per dollar spent by consumers in a monopolistic industry.

Figure 22-14Refer to Figure 22-14. Suppose the price of good X is $8, the price of good Y is $10, and the consumer's income is $360. Then the consumer's optimal choice is to buyGroup of answer choices40 units of good X and 4 units of good Y.30 units of good X and 12 units of good Y.15 units of good X and 24 units of good Y.20 units of good X and 20 units of good Y.