Use the Following to Answer Questions

question 230

Multiple Choice

Use the following to answer questions:
-(Table: Demand and Total Cost) Look at the table Demand and Total Cost. Lenoia runs a natural monopoly producing electricity for a small mountain village. The accompanying table shows Lenoia's demand and total cost of producing electricity. The maximum profit Lenoia can make is:

• A) $225.
• B) $425.
• C) $400.
• D) $1,800.

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Definitions:

Federally Regulated Industries

Industries that operate under the laws and regulations of the federal government, such as telecommunications, transportation, and banking.

Bona Fide Occupational Qualification (BFOQ)

A justifiable reason for discrimination based on business reasons of safety or effectiveness.