Table 241 Monopoly Costs and Revenue In Table 24

question 147

Multiple Choice

Table 24.1 Monopoly Costs and Revenue
$$\begin{array} { | c | c | c | } \hline \text { Quantity } & \text { Price } & \text { Total Cost } \\\hline 1 & \$ 500 & \$ 400 \\\hline 2 & \$ 450 & \$ 650 \\\hline 3 & \$ 400 & \$ 950 \\\hline 4 & \$ 350 & \$ 1,300 \\\hline 5 & \$ 300 & \$ 1,700 \\\hline\end{array}$$ In Table 24.1,using the profit maximization rule,a monopolist that is able to practice price discrimination will charge

• A)A price of $450.
• B)A price of $400.
• C)A price of $500.
• D)Different prices to different customers.

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