Suppose the accompanying table describes the demand for a good produced by monopolist. Price Quantity $ 20 19 2. 18 17 4 16 15 14 13 12 11 10 11 12 The monopolist's total revenue from selling three units is marginal revenue from selling the third unit is and the monopolist's Multiple Cholce $57: $18 $57; $16 $54; $16 $6: $6 5678o0

In economic terms, Inflation refers to the increase in the costs of various commodities which are used in daily lifestyle like food, clothes, transport, etc. over a specific time. It may lead to a fall in the purchasing power of the people and also affec…