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.
Answer: C
You might also like to view...
"When a person has an absolute advantage in producing a good, the person necessarily has a lower opportunity cost of producing it." Is this assertion correct or incorrect? Explain your answer
What will be an ideal response?
Which of the following is most frequently used when the Fed is attempting to adjust the money supply?
a. Changing reserve requirements b. Open market operations c. Changing the discount rate d. Moral suasion
Suppose there are 50 million persons in the population, 25 million persons in the civilian labor force, and 20 million persons are employed. The number of persons unemployed is _______ million and the unemployment rate is ___________ percent
A) 25; 50 B) 5; 10 C) 5; 20 D) 10; 10
In the Plaza Agreement, the United States agreed to reduce its fiscal deficit.
Answer the following statement true (T) or false (F)