Refer to the Demand and Cost Data for a Pure

question 18

Multiple Choice

Refer to the demand and cost data for a pure monopolist given in the table. If the monopolist perfectly price-discriminated and sold each unit of the product at the maximum price the buyer of that unit would be willing to pay, and if the monopolist sold 4 units, then total revenue would be

• A)$700.
• B)$640.
• C)$540.
• D)$190.

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Definitions:

Inkblots

Images created by dropping ink on paper and then folding the paper to create symmetrical patterns, used in psychological tests to assess personality.

Rorschach

A psychological test in which subjects' perceptions of inkblots are recorded and then analyzed using psychological interpretation, complexity algorithms, or both.

Personality Test

An assessment tool designed to measure and evaluate personality characteristics and psychological traits.

Reality Principle

The concept in psychoanalytic theory that represents the constant adjustment of seeking to satisfy basic desires with the demands of the external world.