Table 15-4
A monopolist faces the following demand curve:
-Refer to Table 15-4. If the monopolist produces 10 units, what is its average revenue?
A)$100
B)$15
C)$10
D)$1

Name: Table 15-4 A monopolist faces the following demand curve: -Refer to Table 15-4. If the monopolist produces 10 units, what is its average revenue? A)$100 B)$15 C)$10 D)$1
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Question

Table 15-4
A monopolist faces the following demand curve: 
-Refer to Table 15-4. If the monopolist produces 10 units, what is its average revenue?
A)$100 
B)$15 
C)$10 
D)$1

Quizplus · Accepted Answer

Average revenue is calculated by dividing total revenue by the quantity sold. If the monopolist produces 10 units, the average revenue is $10 per unit.

Table 15-4 A Monopolist Faces the Following Demand Curve