Figure 11-18
The total revenue for the firm in Figure 11-18, a monopolist that maximizes profit while charging all customers the same price, is

Question

Figure 11-18 
The total revenue for the firm in Figure 11-18, a monopolist that maximizes profit while charging all customers the same price, is

Quizplus · Accepted Answer

To find the total revenue for the firm, we need to multiply the price charged ($354) by the quantity sold (8). This gives us a total revenue of $2,832. However, we need to subtract the cost of production, which is $24, for a final total revenue of $2,808. Therefore, the answer is B.

Figure 11-18 the Total Revenue for the Firm in Figure 11-18, a Figure