Refer to the information provided in Figure 8.4 below to answer the question(s) that follow. 
Figure 8.4 Refer to Figure 8.4. If six microwave ovens are produced, Micro Oven's total costs are
A. $500.
B. $600.
C. $900.
D. indeterminate from this information.
Answer: B
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The above figure shows the market for a particular good. If the market is controlled by a perfect-price-discriminating monopoly, compared to a perfectly competitive market, the change in consumer surplus is
A) A. B) A + B + C. C) A + B + C + D + E. D) zero.
We can predict the outcome of a two-player game as long as
a. each player follows a strategy that negates the other player's strategy b. at least one player has a bilateral strategy c. neither player has a subsistence strategy d. neither player has a dominant strategy e. at least one of the players has a dominant strategy
For a monopoly to be a natural monopoly,
A. the long-run average cost curve must continue to increase until it hits the market demand curve. B. economies of scale must be realized at a scale that is close to total demand in the market. C. economies of scale must be realized at a scale that is small relative to the market. D. there must be constant returns to scale.
Refer to the table above. What is the marginal benefit that Jenny derives from the fifth unit?
A) $0 B) $1 C) $6 D) $30