Table 15-8 the Following Table Provides Information on the Price, Quantity, and Quantity

question 498

Multiple Choice

Table 15-8
The following table provides information on the price, quantity, and average total cost for a monopoly.
-Refer to Table 15-8. What is the additional cost to the firm when the monopolist lowers the price from $18 to $12?

• A)The firm saves $15.
• B)$15
• C)$30
• D)$40