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

---

Definitions:

Kolb Inventory

A tool designed to help individuals understand their learning preferences based on experiential learning theory.

Myers-Briggs Type Indicator

A personality assessment tool that categorizes individuals into 16 distinct personality types based on preferences in perception and decision-making.

VARK Inventory

A questionnaire that helps learners identify their preferred learning styles among Visual, Auditory, Reading/Writing, and Kinesthetic modalities.

Senses

The physiological mechanisms of perception, including sight, hearing, touch, taste, and smell.