Table 15-18 Tommy's Tie Company, a Monopolist, Has the Following Cost and Cost

question 21

Multiple Choice

Table 15-18
Tommy's Tie Company, a monopolist, has the following cost and revenue information. Assume that Tommy's is able to engage in perfect price discrimination.

-Refer to Table 15-18.What are Tommy's Ties Company's fixed costs?

• A) $100
• B) $150
• C) $354
• D) $654

---

Definitions:

Pharynx

The muscular tube that connects the mouth and nasal passages with the esophagus and larynx, serving both respiratory and digestive functions.

Parietal Cell

A type of cell in the stomach lining that produces hydrochloric acid and intrinsic factor, essential for digestion and absorption of vitamin B12.

Digestive Organ

An organ involved in the breakdown of food into nutrients, which the body then uses for energy, growth, and cell repair, including organs such as the stomach, liver, and intestines.