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Question 66

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Use the following to answer question: Use the following to answer question: -(Table: Prices and Demand) The New Orleans Saints have a monopoly on Saints logo hats.The marginal cost of producing a hat is $18.If the Saints increase the number of hats they sell from 4 to 5,their total revenue changes from _____ to _____. A) $88;$100 B) $22;$20 C) $88;$80 D) $110;$100
-(Table: Prices and Demand) The New Orleans Saints have a monopoly on Saints logo hats.The marginal cost of producing a hat is $18.If the Saints increase the number of hats they sell from 4 to 5,their total revenue changes from _____ to _____.


A) $88;$100
B) $22;$20
C) $88;$80
D) $110;$100

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