If a monopolist's price is $50 at 63 units of output and average total cost equals $43, then the firm's total profit is
A)$3,150.
B)$2,709.
C)$441.
D)$7.

Name: If a monopolist's price is $50 at 63 units of output and average total cost equals $43, then the firm's total profit is A)$3,150. B)$2,709. C)$441. D)$7.
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Question

Quizplus · Accepted Answer

Total profit is calculated as (Price - Average Total Cost) * Quantity. Here, it is ($50 - $43) * 63 = $441.

If a Monopolist's Price Is $50 at 63 Units of Output