A Monopolist Produces and Sells 400 Units at a Price

question 13

Multiple Choice

A monopolist produces and sells 400 units at a price of $40 per unit. The monopolist's marginal cost is equal to $15 and average cost is equal to $23. The monopolist's profit is:

• A) $6,800.
• B) $8,000.
• C) $10,000.
• D) $16,000.
• E) None of these are correct.

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Definitions:

Behavioural

Relating to or focusing on the actions or reactions of individuals, often in response to external stimuli.

Interviewer

A person who conducts an interview, often for the purpose of evaluating qualifications or obtaining information.

Candidate

An individual who is being considered for a role, position, or opportunity.

Interpersonal Skills

The abilities used by a person to interact effectively with others, including communication, empathy, and conflict-resolution skills.