Table 14-8 The Following Table Provides Information on the Price,quantity,and Average Total

question 445

Multiple Choice

Table 14-8
The following table provides information on the price,quantity,and average total cost for a monopoly.

-Refer to Table 14-8.How much extra revenue does the monopolist earn when he lowers the price from $18 to $12?

• A) $10
• B) $12
• C) $30
• D) $41

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