-The table above gives the demand for a monopolist's output. What is the total revenue when 3 units of output are produced?
A) $21
B) $20
C) $18
D) $6

Name: -The table above gives the demand for a monopolist's output. What is the total revenue when 3 units of output are produced? A) $21 B) $20 C) $18 D) $6
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Question

-The table above gives the demand for a monopolist's output. What is the total revenue when 3 units of output are produced?
A) $21 
B) $20 
C) $18 
D) $6

Quizplus · Accepted Answer

Total revenue is calculated by multiplying the price per unit by the number of units sold. If 3 units are sold, and assuming the price per unit is $6 (since $18/3 = $6), the total revenue is $18.

-The Table Above Gives the Demand for a Monopolist's Output