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apadong apadong
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6 years ago
Hi Phi Sound Unlimited has a monopoly over the installation of surround sound systems. Hi Phi Unlimitedʹs total revenue from installing 15 sound systems is $30,000 and its total revenue from installing 16 sound systems is $33,000.  The marginal revenue received from selling the 16th sound system is
A) equal to the price of the 16th sound system.
B) greater than the price of the 16th sound system.
C) less than the price of the 16th sound system.
D) Indeterminate from the given information.
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DeToXiFYDeToXiFY
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6 years ago
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