The Following Graph Gives Cost and Revenue Data for a Monopolist

question 11

Multiple Choice

The following graph gives cost and revenue data for a monopolist:

-Refer to the above graph to answer this question.If the monopolist is unregulated and wishes to maximize its total profit,what will be its price and output?

• A)$0 and 80.
• B)$10 and 70.
• C)$10 and 140.
• D)$40 and 80.
• E)$45 and 70.

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Definitions:

Human Behaviour

Refers to the range of actions and mannerisms exhibited by humans in conjunction with their environment, influenced by culture, attitudes, emotions, values, ethics, authority, rapport, hypnosis, persuasion, coercion, and/or genetics.

Unconscious Conflicts

Deep-seated tensions and struggles within a person that they are not fully aware of but that influence their emotions and behavior.

Humanist Perspective

A psychological approach that emphasizes personal growth, self-fulfillment, and the realization of human potential.

Animal Heritage

The inherent characteristics and instincts inherited from an organism's ancestors.