Suppose That a Single- Price Monopolist Knows the Following Information

question 34

Multiple Choice

Suppose that a single- price monopolist knows the following information: $\begin{array} {| l |l |l |l |l |l |l |l | }\hline \text { Price } & \text { Quantity } & \text { TR } & \text { MR } & \text { Fixed Cost} & \text { TC } & \text { ATC } & \text { MC }\\\hline \$ 9.00&1500&&\$4.00&\$7000&&\$7.00&\$5.00\\\hline \end{array}$
The monopolist could maximize its profits by

• A)raising price and lowering output.
• B)lowering price and leaving output unchanged.
• C)staying at the current price and output.
• D)lowering price and increasing output.
• E)shutting down.

---

Definitions:

Sagittal

Pertaining to or in a plane that divides the body into right and left parts, generally used in anatomical descriptions.

Horizontal

Parallel to the ground or to the bottom edge of a page, creating a left and right orientation.

Hemorrhagic Stroke

A stroke resulting from bleeding from a blood vessel.