Suppose a monopolist faces the demand curve shown below.  If the monopolist were to sell 20 units of output, its total revenue would be:

A. $1,000.
B. $50.
C. $100.
D. $140.


Answer: A

Economics

You might also like to view...

Open market purchase of government securities by the Fed increases the federal funds rate

Indicate whether the statement is true or false

Economics

Which of the following is a source of frictional unemployment?

a. changes in the composition of demand among industries or regions b. minimum wages c. labor unions d. None of the above is correct.

Economics

Refer to the following graphs.Which of the graphs correctly labels the axes of the AS/AD model?

A. A B. B C. C D. D

Economics

A union of all workers from a particular industry is a(n)

A) craft union. B) conglomerate union. C) industrial union. D) expansive union.

Economics