The Following Figure Shows the Revenue Curves of a Monopolist

question 16

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 0.What would be the amount of consumer surplus if the market was perfectly competitive?

• A)$1,000,000
• B)$500,000
• C)$300,000
• D)$250,000

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Definitions:

Sexual Performance

An individual's ability to perform sexually, which can include factors such as libido, endurance, and satisfaction.

Neurons

Nerve cells.

Cortical Atrophy

The wasting away or decrease in size of the brain's cortex, often associated with aging or neurological diseases.

Dendrites

The branching projections of a neuron that act to conduct the electrochemical stimulation received from other neural cells to the cell body, or soma, of the neuron from which the dendrites project.