-Refer to Figure 9-6. The monopolist's total revenue is
A) $1116.
B) $1488.
C) $1726.40
D) $1826.

Name: -Refer to Figure 9-6. The monopolist's total revenue is A) $1116. B) $1488. C) $1726.40 D) $1826.
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Question

-Refer to Figure 9-6. The monopolist's total revenue is
A) $1116. 
B) $1488. 
C) $1726.40 
D) $1826.

Quizplus · Accepted Answer

The total revenue for a monopolist is calculated by multiplying the price by the quantity sold. In Figure 9-6, the price and quantity that maximize total revenue should be used for this calculation.