Figure 1010 Depicts the Cost and Revenue Curves for a Monopolist

question 146

Multiple Choice

Figure 10.10 depicts the cost and revenue curves for a monopolist.

-Refer to Figure 10.10 to answer this question.What is the level of profits at the profit-maximizing output?

• A)0.
• B)$20.
• C)$150.
• D)$450.
• E)$600.

---

Definitions:

Investment

The action of designating capital with the intention of securing an income or a financial return.

Interest Rate

The amount charged, expressed as a percentage of principal, by a lender to a borrower for the use of assets.

Economic Profit

The distinction between total sales and the aggregate of both explicit and implicit expenses for a firm.