(Figure: the Profit-Maximizing Output and Price) Look at the Figure

question 193

Essay

(Figure: The Profit-Maximizing Output and Price) Look at the figure The Profit-Maximizing Output and Price.Assume that there are no fixed costs and AC = MC = $200.At the profit- maximizing output and price for a monopolist, total surplus is:
A.$3,200.
B.$6,400.
C.$1,000.
D.$1,600.

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Definitions:

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A method of learning that employs rewards and punishments for behavior. Through operant conditioning, an association is made between a behavior and a consequence for that behavior.