Refer to the demand and cost data for a pure monopolist given in the table. If the monopolist perfectly price-discriminated and sold each unit of the product at the maximum price the buyer of that unit would be willing to pay, and if the monopolist sold 4 units, then total revenue would be
A)$700.
B)$640.
C)$540.
D)$190.

Question

Refer to the demand and cost data for a pure monopolist given in the table. If the monopolist perfectly price-discriminated and sold each unit of the product at the maximum price the buyer of that unit would be willing to pay, and if the monopolist sold 4 units, then total revenue would be
A)$700. 
B)$640. 
C)$540. 
D)$190.

Quizplus · Accepted Answer

The Answer of  Refer to the demand and cost data for a pure monopolist given in the table. If the monopolist perfectly price-discriminated and sold each unit of the product at the maximum price the buyer of that unit would be willing to pay, and if the monopolist sold 4 units, then total revenue would be
A)$700. 
B)$640. 
C)$540. 
D)$190.

Refer to the Demand and Cost Data for a Pure