The Diagram Below Shows the Demand Curve Facing a Single-Price

question 77

Multiple Choice

The diagram below shows the demand curve facing a single-price monopolist. FIGURE 10-4
-Refer to Figure 10-4.Suppose the firm is currently producing at point A on the demand curve,selling 100 units of output at a price of $60 per unit.If the firm moves to point B,the revenue the firm gives up on the units it was already selling is ________,and the revenue it gains on the additional units sold is ________.

• A)$1000; $5000
• B)$2000; $5000
• C)$5000; $2000
• D)$100; $200
• E)$100; $500

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Definitions:

Focal Plane

The specific distance at which the lens of a camera or microscope focuses light to form a sharp image.

Depth of Field

The range of distance within a photograph that appears acceptably sharp, influenced by the aperture, focal length, and distance from the subject.

Resolution

The process of reducing or separating something into its components or the clarity and detail of an image.

Field Diameter

The apparent size of an area visible through the microscope lens, often measured in millimeters or micrometers.