If a Monopolist's Price Is $50 at 63 Units of Output

question 204

Multiple Choice

If a monopolist's price is $50 at 63 units of output and marginal revenue equals marginal cost, and average total cost equals $43, then the firm's total profit is

• A)$3,150.
• B)$2,709.
• C)$441.
• D)$7.

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Definitions:

Pheromones

Chemical substances produced and released into the environment by animals, affecting the behavior or physiology of others of its species.

Prey Killing

The act exhibited by certain animals of hunting and killing other animals for food.

Receptor Neurons

Specialized nerve cells that respond to chemical and physical stimuli in the environment, sending signals to the brain.

Scents

Volatile substances that can be perceived by the sense of smell, often used by organisms to communicate, forage, or detect predators or mates.