Question

Marginal revenue for a monopolist is computed as :

a. average revenue divided by quantity sold.

b. average revenue times quantity divided by price.

c. total revenue divided by quantity sold.

d. change in total revenue per one unit change in quantity sold.

Answer 1

d. change in total revenue per one unit change in quantity sold.

Step-by-step explanation:

A monopolist marginal revenue is change in total revenue per one unit change in quantity sold.

Average revenue is total revenue divided by quantity sold.

A monopolist is a firm that only exists in an industry.

I hope my answer helps you.