Refer to the accompanying figure to answer the questions that follow.

-The revenue received by the profit-maximizing monopolist in this market is represented by areas:
A) A + B + C + D + F + G + I + J.
B) B + D + G + E + H.
C) I + J.
D) C + D + F + G + I + J.
E) E + H.

Question

Refer to the accompanying figure to answer the questions that follow.
 
-The revenue received by the profit-maximizing monopolist in this market is represented by areas:
A) A + B + C + D + F + G + I + J. 
B) B + D + G + E + H. 
C) I + J. 
D) C + D + F + G + I + J. 
E) E + H.

Quizplus · Accepted Answer

The revenue received by the monopolist is equal to the product of the price and the quantity sold. In the given diagram, the price is represented by the vertical distance between the demand curve and the marginal revenue curve. The quantity sold is represented by the horizontal distance between the vertical axis and the quantity supplied. Therefore, the total revenue is represented by the area of the shaded rectangle below the demand curve and above the quantity supplied curve, plus the areas of the two triangles DGF and IJH. Hence, the correct answer is D, which includes the areas C+D+F+G+I+J.

Refer to the Accompanying Figure to Answer the Questions That