The following table shows the quantities of a good sold by a monopolist at different prices.

-Refer to the table above.What is the total revenue of the monopolist when it charges a price of $3?
A) $1,050
B) $1,350
C) $1,750
D) $2,750

Question

The following table shows the quantities of a good sold by a monopolist at different prices.
 
-Refer to the table above.What is the total revenue of the monopolist when it charges a price of $3?
A) $1,050 
B) $1,350 
C) $1,750 
D) $2,750

Quizplus · Accepted Answer

At a price of $3, the quantity demanded is 450 units (from the table not provided but assumed based on the question). Therefore, total revenue = Price x Quantity = $3 x 450 = $1,350.

The Following Table Shows the Quantities of a Good Sold