$\text {Table 24.1}$ $\text {Hypothetical Monopoly Costs and Revenue}$

question 59

Multiple Choice

$\begin{array}{c}\begin{array}{c}\underline{\text {Quantity}}\\1 \\2 \\3 \\4 \\5\end{array}\begin{array}{c}\underline{\text { Price }} \\\$ 500 \\450 \\400 \\350 \\300\end{array}\begin{array}{c}\underline{\text { Total cost }} \\ \$ 400 \\650 \\950 \\1,300 \\1,700\end{array} \end{array}$

$\text {Table 24.1}$
$\text {Hypothetical Monopoly Costs and Revenue}$
In Table 24.1, using the profit maximization rule, a monopolist that is able to practice price discrimination will charge

• A)A price of $450.
• B)A price of $400.
• C)A price of $500.
• D)Different prices to different customers.

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