If a Monopolist's Price Is $50 at 63 Units of Output

question 65

Multiple Choice

If a monopolist's price is $50 at 63 units of output, and marginal revenue equals marginal cost, and average total cost equals $43, then what is the firm's total profit?

• A)$3150.
• B)$2709.
• C)$441.
• D)$7.

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Definitions:

Ascending Limb

The portion of the loop of Henle in the kidney nephron that transports fluid from the lower to the upper part, often involved in concentrating urine.

Loop Of Henle

A long, U-shaped portion of the tubule that conducts urine within each nephron of the kidney of mammals and birds.

Permeable

A characteristic of materials that allows liquids or gases to pass through them, often referring to the selective permeability of biological membranes to certain substances.

Efferent Arterioles

Small blood vessels that carry blood away from the glomeruli of the kidney.