Assume that Cronos Group, a nondiscriminating monopolist of cannabis products finds that it can sell its 82nd unit of output for $12. We can surmise that the marginal Multiple Choice revenue of the 82nd unit is less than $12. revenue of the 82nd unit is also $12. revenue of the 82nd unit is greater than $12. cost of the 82nd unit is also $12. cost cannot be calculated from the data given.

Assume that Cronos Group, a nondiscriminating monopolist of cannabis products finds that it can sell its 82nd unit of output for $12. We can surmise that the marginal Multiple Choice revenue of the 82nd unit is less than $12. revenue of the 82nd unit is also $12. revenue of the 82nd unit is greater than $12. cost of the 82nd unit is also $12. cost cannot be calculated from the data given.

Microeconomic Theory

12th Edition

ISBN:9781337517942

Author:NICHOLSON

Publisher:NICHOLSON

Chapter3: Preferences And Utility

Section: Chapter Questions

Problem 3.12P

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