Suppose that the only café in town can sell five fish dinners per night at a price of $10 each. if this monopoly firm wants to sell six fish dinners, it must reduce the price to $9 each. when the business pursues this strategy to increase sales, the marginal revenue from the sixth dinner sold is:
a. $4.
b. $54.
c. $9.
d. $50.

a.$4

Explanation:

initial price of fish dinner per piece was= $10

no. of fish dinner sold = 5

total initial revenue= 5*10= $50

new price of fish dinner = $9

and now six  fish dinners are sold

new revenue= 6*9= $54

therefore the marginal revenue from the sixth dinner sold= 54-50= $4

hence option a is correct

answer: b) the us is the leading importer but not the leading exporter.

extra info:

the u.s is the largest importer but it is not the largest exporter as china sits on the top of the table when it comes to leading exporters.

but u.s is not far from first,

they rank in 2nd globally as the worlds largest exporter.

happy to

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