Table 14-4 A Monopolist Faces the Following Demand Curve

question 339

Multiple Choice

Table 14-4
A monopolist faces the following demand curve:

-Refer to Table 14-4.If the monopolist produces 10 units,what is its average revenue?

• A) $100
• B) $15
• C) $10
• D) $1

---

Definitions:

Contra Account

An account used in the general ledger to reduce the value of a related account when the two are netted together.

IFRS

The International Financial Reporting Standards (IFRS) are a set of accounting standards developed by the International Accounting Standards Board (IASB) that guide the preparation of financial statements globally.

U.S.GAAP

United States Generally Accepted Accounting Principles; a set of accounting standards used in the U.S. for financial reporting.

Comprehensive Income

The total change in equity for a reporting period other than from transactions with owners, including all unrealized gains and losses.