The following table shows the quantities of a good sold by a monopolist at different prices.

-Refer to the table above.What is the total revenue of the monopolist when it charges a price of $9?
A) $1,250
B) $1,350
C) $1,750
D) $2,250

Question

The following table shows the quantities of a good sold by a monopolist at different prices.
 
-Refer to the table above.What is the total revenue of the monopolist when it charges a price of $9?
A) $1,250 
B) $1,350 
C) $1,750 
D) $2,250

Quizplus · Accepted Answer

When the monopolist charges a price of $9, it sells 150 units. So the total revenue is 150 x $9 = $1,350. This is the highest total revenue obtained by the monopolist at any given price.

The Following Table Shows the Quantities of a Good Sold