Solved

The Above Table Shows the Quantity Demanded at Varying Prices

Question 45

Multiple Choice

  The above table shows the quantity demanded at varying prices and the corresponding marginal cost of production for a mon firm. -Refer to the table above. If the monopoly produces 40 units, charges the corresponding price of $320, and its average total cost to produce the 40 units is $206, what is their profit or loss? A) $4,560 B) $56,000 C) $12,600 D) - $4,560 The above table shows the quantity demanded at varying prices and the corresponding marginal cost of production for a mon firm.
-Refer to the table above. If the monopoly produces 40 units, charges the corresponding price of $320, and its average total cost to produce the 40 units is $206, what is their profit or loss?


A) $4,560
B) $56,000
C) $12,600
D) - $4,560

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents