Figure 7.5
-Suppose that Figure 7.5 shows a monopolistʹs demand curve, marginal revenue, and its cost. At the profit maximizing output level and price, the consumer surplus would be:
A)$2,450.
B)$1,225.
C)$612.5.
D)$262.5.

Question

Figure 7.5
-Suppose that Figure 7.5 shows a monopolistʹs demand curve, marginal revenue, and its cost. At the profit maximizing output level and price, the consumer surplus would be:
A)$2,450. 
B)$1,225. 
C)$612.5. 
D)$262.5.

Quizplus · Accepted Answer

The Answer of  Figure 7.5
-Suppose that Figure 7.5 shows a monopolistʹs demand curve, marginal revenue, and its cost. At the profit maximizing output level and price, the consumer surplus would be:
A)$2,450. 
B)$1,225. 
C)$612.5. 
D)$262.5.

Figure 7.5 -Suppose That Figure 7.5 Shows a Monopolistʹs Demand Curve, Marginal