Suppose a Monopolist Sells 10,000 Units of Output at $22

question 8

Multiple Choice

Suppose a monopolist sells 10,000 units of output at $22 per unit. The firm's total revenue is

• A) $2,200.
• B) $22,000.
• C) $220,000.
• D) $2,200,000.

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Definitions:

Miocene Epoch

A geological epoch that lasted from about 23 to 5.3 million years ago, characterized by significant evolutionary developments among mammals and plants.

Aegyptopithecus

Aegyptopithecus is an extinct genus of early primates that lived approximately 30 million years ago, considered significant for understanding the evolution of modern primates, including humans.

Dryopithecines

A group of extinct apes known from fossil records, believed to be ancestral to modern great apes and humans, dating to the Miocene epoch.

Hominoids

A group within the order of primates that includes apes and humans, characterized by greater mobility of the shoulder joint and absence of a tail.