The above table shows a sample of prices and the quantity sold by a monopolist.
-Refer to the table above. What is the monopolist's total revenue if they charge a price of $95?

Question

Quizplus · Accepted Answer

The monopolist's total revenue is equal to the price they charge multiplied by the quantity they sell. If they charge a price of $95, they will sell 100 units. Therefore, their total revenue will be $95 * 100 = $9,500.

The Above Table Shows a Sample of Prices and the Quantity