Figure 15-6

Figure 15-6 shows the cost and demand curves for a monopolist.
-Refer to Figure 15-6.The monopolist's total revenue is
A)$1,116.
B)$1,488.
C)$1,726.40
D)$1,826.

Question

Figure 15-6
  
Figure 15-6 shows the cost and demand curves for a monopolist.
-Refer to Figure 15-6.The monopolist's total revenue is
A)$1,116. 
B)$1,488. 
C)$1,726.40 
D)$1,826.

Quizplus · Accepted Answer

The total revenue for a monopolist is calculated by multiplying the price per unit by the quantity sold. Without the figure, we assume the correct choice based on typical textbook problems.

Figure 15-6 Figure 15-6 Shows the Cost and Demand Curves for a and Demand