Refer to the Following Figure Showing Demand and Marginal Revenue

question 20

Multiple Choice

Refer to the following figure showing demand and marginal revenue for a monopoly.

-If production costs are constant and equal to $10 , what price will the monopoly charge?

• A) $5
• B) $10
• C) $15
• D) $20
• E) $25

---

Definitions:

Uncontrollable

Not able to be controlled, managed, or governed.

Mood Disorders

A category of mental disorders involving persistent disturbances in mood or emotional state, such as depression or bipolar disorder.

Cortisol

A hormone secreted by the adrenal cortex that elevates blood sugar and protects the body’s tissues in case of injury; if chronically elevated due to stress, it can lead to hypertension, immune disorders, other illnesses, and possibly depression.

Hippocampus

A major component of the brain, involved in learning and memory.