Suppose a monopolist producing self-cleaning jackets can sell 20 jackets at $100, and 21 jackets at $98. the monopolist is unable to price discriminate, so in order to sell a total of 21 jackets, the price per jacket must be $98.

1-when charging $100 per jacket, total revenue is? :

2-when charging $98 per jacket, total revenue is? :

3-so the marginal revenue of selling the 21st jacket is? :

4-in the case of any firm facing a downward sloping demand curve, marginal revenue is always? :

1. descriptive statistics quickly describe large amounts of data can predict future stock returns with surprising accuracy statisticians understand non-numeric information, like colors refer mainly to patterns that can be found in data 2. a 15% return on a stock means that 15% of the original purchase price of the stock returns to the seller at the end of the year 15% of the people who purchased the stock will see a return the stock is worth 15% more at the end of the year than at the beginning the stock has lost 15% of its value since it was originally sold 3. a stock purchased on january 1 cost $4.35 per share. the same stock, sold on december 31 of the same year, brought in $4.75 per share. what was the approximate return on this stock? 0.09% 109% 1.09% 9% 4. a stock sells for $6.99 on december 31, providing the seller with a 6% annual return. what was the price of the stock at the beginning of the year? $6.59 $1.16 $7.42 $5.84