Question

Marginal revenue for a monopolist is computed asa.average revenue times quantity divided by price.b.total revenue divided by quantity sold.c.change in total revenue per one unit increase in quantity sold.d.average revenue divided by quantity sold.

Answer 1

Statement that explains Marginal revenue and it can be computed for a monopolist is C:sold.c.change in total revenue per one unit increase in quantity sold.

• Marginal revenue  can be regarded as central concept in microeconomics which focus on additional total revenue that us been gotten by increasing product sales by 1 unit.

• In monopolist,it can be computed by change in total revenue with respect to a unit increase that is been sold.

Therefore, option C is correct.

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