Consider an unregulated monopoly in Figure 13.2. At the firm's profit maximizing output level, its total revenue is:
A. $1,000,000.
B. $200,000.
C. $800,000.
D. $600,000.
Answer: A
You might also like to view...
If a firm shuts down in the short run and produces no output, its total cost will be
a. zero b. equal to total variable cost c. equal to total fixed cost d. equal to explicit costs only e. impossible to calculate
The above figure shows the cost curves for a competitive firm. If the profit-maximizing level of output is 40, price is equal to
A) $0. B) $15. C) $10. D) $11.
If more of one good can be produced without producing less of another output, the economy must have been operating efficiently
a. True b. False Indicate whether the statement is true or false
If the interest rate is 10 percent, the net present value of $500 to be received one year from now is
a. $413.22. b. $450. c. $454.55. d. $500.