The Following Figure Shows the Revenue Curves of a Monopolist

question 43

Multiple Choice

The following figure shows the revenue curves of a monopolist: Figure 10.6
D: Average revenue
MR: Marginal revenue
-In Figure 10.6,assume that marginal costs are constant at $2,500 and fixed costs are zero.What price and output level would result from perfect competition?

• A)P = $2,500,Q = 400
• B)P = $2,500,Q = 200
• C)P = $5,000,Q = 0
• D)P = $4,000,Q = 400
• E)P = $4,000,Q = 200

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Learn the preparation requirements for a Pap test.

Understand sample collection techniques for cytological tests.

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Definitions:

Hazard Pay

Hazard Pay is additional compensation provided to employees for performing work that is dangerous or involves risk.

Wealth

The abundance of valuable financial assets or physical possessions which can be converted into forms that can be used for transactions.

Compensating Differential

The difference in wages that arises from differences in the non-monetary aspects of different jobs, such as risk or desirability.

Coding Sector

The industry segment focused on the development, writing, and implementation of computer software and programs.