Consider the Following Information About a Monopolist Producing at the Level

question 228

Multiple Choice

Consider the following information about a monopolist producing at the level of output where MR = MC: quantity = 20, price = $9, average total cost = $6. What is the total revenue and profit?

• A) $180; $60
• B) $200; $192
• C) $160; $200
• D) $360; $200