If a Monopolist Sells 500 Units at $20 Per Unit

question 61

Multiple Choice

If a monopolist sells 500 units at $20 per unit and realises an average total cost of $8 per unit, what is the monopolist's profit?

• A) $600
• B) $6000
• C) $10000
• D) none of the above

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Definitions:

Conscientiousness

A personality trait characterized by thoroughness, a desire to do a task well, and efficiency.

Concern With Aging

The anxiety or worry that arises as one gets older, often related to changes in appearance, health, and functionality.

Identity Certainty

The degree of confidence and clarity an individual has about their own identity, values, and role in society.

Big Five Model

A widely accepted personality framework that describes human personality through five broad dimensions: openness, conscientiousness, extraversion, agreeableness, and neuroticism.