Which of the Following Formulas Would Correctly Calculate a Monopolist's

question 398

Multiple Choice

Which of the following formulas would correctly calculate a monopolist's profit?

• A)profit = price - marginal cost
• B)profit = price - average total cost
• C)profit = (price - marginal cost) × quantity
• D)profit = (price - average total cost) × quantity

---

Definitions:

Fetish

An object believed to have supernatural powers, or in psychology, a form of sexual desire in which gratification is linked to an abnormal degree to a particular object, item of clothing, part of the body, etc.

Magical Powers

These are abilities in fantasy or supernatural genres that allow characters or beings to perform actions beyond the natural world's laws.

Spell

A verbal or written formula thought to have magical force, used to bring about a specific desired outcome.

Divination Technique

A method or practice used in various cultures to seek knowledge of the future or the unknown, often involving interpreting patterns in physical objects or phenomena.