The following graph depicts the costs and revenues for an unregulated monopolist:

-Refer to the graph above to answer this question.What is the total revenue at the monopolist's profit-maximizing output?
A)$80.
B)$160.
C)$180.
D)$288.
E)$300.

Question

The following graph depicts the costs and revenues for an unregulated monopolist:
 
-Refer to the graph above to answer this question.What is the total revenue at the monopolist's profit-maximizing output?
A)$80. 
B)$160. 
C)$180. 
D)$288. 
E)$300.

Quizplus · Accepted Answer

The monopolist's profit-maximizing output is where marginal cost equals marginal revenue. At this output level, the total revenue is calculated by multiplying the price by the quantity sold, which is $288 according to the graph.

The Following Graph Depicts the Costs and Revenues for an Unregulated