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The Following Represents a Portion of the Demand Schedule Faced  Price  Qurantity $121$112$103$94\begin{array} { l c } \text { Price } & \text { Qurantity } \\\$12 & 1 \\\$ 11 & 2 \\\$ 10 & 3 \\\$9 & 4\end{array}

Question 130

Multiple Choice

The following represents a portion of the demand schedule faced by a monopoly firm.  Price  Qurantity $121$112$103$94\begin{array} { l c } \text { Price } & \text { Qurantity } \\\$12 & 1 \\\$ 11 & 2 \\\$ 10 & 3 \\\$9 & 4\end{array} The marginal revenue of the third unit of output equals:


A) $12.
B) $10.
C) $8.
D) $1.

Correct Answer:

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