If a monopolist sells 200 units at $10 per unit and realises an average total cost of $6 per unit, what is the monopolist's profit?
A)$800
B)$1400
C)$2000
D)none of the above

Question

Quizplus · Accepted Answer

The monopolist's profit is calculated by subtracting the total cost from the total revenue. Total revenue is 200 units * $10 = $2000, and total cost is 200 units * $6 = $1200. Profit = $2000 - $1200 = $800.

If a Monopolist Sells 200 Units at $10 Per Unit