24.The question below is based on the following demand schedule for a monopolist: Price $150 $140...

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24.The question below is based on the following demand schedule for a monopolist: Price $150 $140 $130 $120 $110 Quantity 1 2 3 4 5 24.If the monopolist wished to sell 4 units, the marginal revenue of the fourth unit would be O a. Less than the price necessary to sell 4 units. O b. Greater that the marginal revenue of the third unit. O c. Greater than the total revenue earned by selling 4 units. d. Equal to the demand curve for selling 4 units. e. Impossible to calculate. 24.The question below is based on the following demand schedule for a monopolist: Price $150 $140 $130 $120 $110 Quantity 1 2 3 4 5 24.If the monopolist wished to sell 4 units, the marginal revenue of the fourth unit would be O a. Less than the price necessary to sell 4 units. O b. Greater that the marginal revenue of the third unit. O c. Greater than the total revenue earned by selling 4 units. d. Equal to the demand curve for selling 4 units. e. Impossible to calculate.

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The detailed answer for the above question is provided below Youre right The answer is b Greater tha... View the full answer