Use the Following to Answer Questions

question 161

Multiple Choice

Use the following to answer questions:
-(Table: Demand and Total Cost) Look at the table Demand and Total Cost. Lenoia runs a natural monopoly producing electricity for a small mountain village. The table shows Lenoia's demand and total cost of producing electricity. The price effect of increasing production from 3 megawatts to 4 megawatts is:

• A) -$150.
• B) $500.
• C) $450.
• D) -$50.

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Definitions:

Kilograms

A unit of mass in the metric system equal to 1000 grams, commonly used worldwide for measuring weight.

Pounds

A unit of weight commonly used in the United States and the British imperial system, equivalent to 0.453592 kilograms.

Coats Sales

The volume or revenue generated from selling coats in a given period.

Degrees Fahrenheit

A unit of temperature measurement in the Fahrenheit scale, where water freezes at 32°F and boils at 212°F under standard atmospheric conditions.