Figure 15-4

Figure 15-4 shows the demand and cost curves for a monopolist.
-Refer to Figure 15-4.What is the amount of the monopoly's profit?
A)$2,700
B)$4,200
C)$10,400
D)$12,600

Question

Figure 15-4
  
Figure 15-4 shows the demand and cost curves for a monopolist.
-Refer to Figure 15-4.What is the amount of the monopoly's profit?
A)$2,700 
B)$4,200 
C)$10,400 
D)$12,600

Quizplus · Accepted Answer

The monopoly's profit is the difference between total revenue and total cost. Total revenue is $15,000 and total cost is $12,300. Therefore, the monopoly's profit is $15,000 - $12,300 = $2,700.

Figure 15-4 Figure 15-4 Shows the Demand and Cost Curves for a and Cost