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:

Adults

Individuals who have reached a mature stage of development in human growth, typically marked by full physical growth and legal age of majority.

Children

Children are young human beings who are in the early stages of their life, typically considered to be from birth to the onset of puberty.

Adolescents

Individuals in the transitional stage of human development that occurs between childhood and adulthood, typically ranging from ages 13 to 19.

Visual Memory

The ability to remember or recall information such as objects, actions, or images in one's mind with visual detail.