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

question 84

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 at point C on the demand curve,selling 300 units at $40 per unit.If the firm moves to point D,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)$9000; $9000
• B)$12 000; $12 000
• C)$3000; 4000
• D)$4000; $3000
• E)$3000; $3000

---

Definitions:

Fund Financial Statements

Financial reports that detail the income, expenditures, and other financial activities of a specific fund within an organization.

Facility Closure

The process of permanently shutting down operations at a business location, often involving asset disposal and employee layoffs.

Proprietary Funds

Funds typically used in governmental accounting to account for business-like activities, where the government intends to recover costs through user charges.