Table 15-1
A monopolist faces the following demand curve:
Marginal cost is constant at $8 per unit.
-Refer to Table 15-1.The monopolist's total revenue from selling 4 units of output is
A) $4.
B) $16.
C) $32.
D) $48.

Question

Table 15-1
A monopolist faces the following demand curve:
  Marginal cost is constant at $8 per unit.
-Refer to Table 15-1.The monopolist's total revenue from selling 4 units of output is
A) $4. 
B) $16. 
C) $32. 
D) $48.

Quizplus · Accepted Answer

The Answer of Table 15-1
A monopolist faces the following demand curve:
  Marginal cost is constant at $8 per unit.
-Refer to Table 15-1.The monopolist's total revenue from selling 4 units of output is
A) $4. 
B) $16. 
C) $32. 
D) $48.

Table 15-1 A Monopolist Faces the Following Demand Curve