Table 241
Hypothetical Monopoly Costs and Revenue in Table 24

question 35

Multiple Choice

$\begin{array}{lll}\text { Quantity } &\text {Price } &\text { Total cost }\\\hline1 & \$ 500 & \$ 400 \\2 & 450 & 650 \\3 & 400 & 950 \\4 & 350 & 1,300 \\5 & 300 & 1,700\end{array}$
Table 24.1
Hypothetical Monopoly Costs and Revenue In Table 24.1, according to the profit maximization rule, at the profit-maximizing level of output, total cost is

• A) $900.
• B) $1,200.
• C) $650.
• D) $950.

---

Definitions:

Psychological costs

The mental and emotional strain or negative impacts experienced by individuals as a result of certain actions or decisions.

Care work

Labor performed in the service of others, often involving emotional, physical, and social support, such as childcare, eldercare, and healthcare.

Considered old

implies being regarded as aged or elderly, typically based on societal norms and perceptions about life stages and physical or mental capacities.

Implications

The possible effects, consequences, or outcomes that may result from specific actions, decisions, or events.