The Figures Given Below Represent the Revenue Curves of a Monopolist.Figure

question 20

Multiple Choice

The figures given below represent the revenue curves of a monopolist.Figure 11.2
TR: Total revenue curve
AR: Average revenue curve
MR: Marginal revenue curve
-Refer to Figure 11.2. If the output at E is 600 units, then the output at B is _____ units. (We know that the slope of the marginal revenue curve is twice the slope of the average revenue curve.)

• A)900 units.
• B)200 units.
• C)300 units.
• D)1200 units.
• E)800 units.

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Definitions:

Financial Matters

Issues or activities related to the management, investment, and control of money and assets.

Venture Capital Fund

A fund that invests in high-growth companies in exchange for equity, or ownership stakes, typically in early-stage companies.

Private Placement

The offering of securities to a relatively small number of select investors as a way of raising capital.

Flotation Costs

Expenses incurred by a company in issuing new stocks or bonds, including underwriting costs, legal fees, and registration fees.