Refer to the table above. What is the total revenue of the monopolist when it charges a price of $9?

A) $1,250
B) $1,350
C) $1,750
D) $2,250

B

Economics

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According to the Keynesian approach, a decrease in taxes

A) will decrease consumption, as the government will have to spend less. B) will not impact consumption, as most consumption is autonomous. C) will increase consumption exactly by the amount of the taxes. D) will increase consumption by an amount of less than the change in taxes.

Economics

The gross domestic product of a country is $500,000. If its income per worker of the population is $100, the size of its employed labor force is ________

A) 5,000 B) 200 C) 8,000 D) 2,500

Economics