-In the above figure, the total revenue for a single-price monopolist is shown by the area A) 0P₅fQ_1. B) P₂P₄eb. C) 0P₃cQ_1. D) 0P₄eQ_3.

Name: -In the above figure, the total revenue for a single-price monopolist is shown by the area A) 0P 5 fQ 1. B) P 2 P 4 eb. C) 0P 3 cQ 1. D) 0P 4 eQ 3.
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Question

Quizplus · Accepted Answer

Total revenue is the area under the demand curve and above the price line. In this case, the total revenue is the area 0P5fQ1.

-In the Above Figure, the Total Revenue for a Single-Price