Suppose a monopolist sells 10,000 units of output at $22 per unit. The firm's total revenue is
A) $2,200.
B) $22,000.
C) $220,000.
D) $2,200,000.

Name: Suppose a monopolist sells 10,000 units of output at $22 per unit. The firm's total revenue is A) $2,200. B) $22,000. C) $220,000. D) $2,200,000.
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Question

Quizplus · Accepted Answer

Total revenue is calculated by multiplying the price per unit by the number of units sold: $22 * 10,000 = $220,000.

Suppose a Monopolist Sells 10,000 Units of Output at $22