The Diagram Below Shows the Demand Curve Facing a Single-Price

question 77

Multiple Choice

The diagram below shows the demand curve facing a single-price monopolist. FIGURE 10-4
-Refer to Figure 10-4.Suppose the firm is currently producing at point A on the demand curve,selling 100 units of output at a price of $60 per unit.If the firm moves to point B,the revenue the firm gives up on the units it was already selling is ________,and the revenue it gains on the additional units sold is ________.

• A)$1000; $5000
• B)$2000; $5000
• C)$5000; $2000
• D)$100; $200
• E)$100; $500

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Definitions:

Actual Malice

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The act of damaging the reputation of a person or a group through false statements, either spoken (slander) or written (libel).

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The dissemination of false or misleading information to the public, particularly when damaging to an individual's reputation or well-being.