Use the Following Table to Answer the Question : Table

question 36

Multiple Choice

Use the following table to answer the question : Table 15-2: shows the marginal revenue curve [MR],the demand curve,and the marginal cost curve [MC] for a monopolist with constant costs.

-Based on Figure 15-2,it can be concluded that the change in consumer surplus due to the shift from perfect competition to monopoly is _____.

• A)$150
• B)-$300
• C)-$450
• D)$600

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Definitions:

Reasonable Source

A credible or reliable origin of information or data that is considered acceptable or trustworthy for making decisions or drawing conclusions.

Sold Receivables

The process of a company selling its receivables to a third party to improve its cash flow.

Maturity Date

The date on which the final payment on the bond is due from the bond issuer to the investor.

Note Receivable

A financial asset representing a written promise for a debtor to pay a specified sum of money to the creditor on a determined future date or on demand.