Table 15-4
A monopolist faces the following demand curve:
-Refer to Table 15-4. If the monopolist produces 5 units, what is its average revenue?
A)$100
B)$20
C)$5
D)$4

Question

Table 15-4
A monopolist faces the following demand curve: 
-Refer to Table 15-4. If the monopolist produces 5 units, what is its average revenue?
A)$100 
B)$20 
C)$5 
D)$4

Quizplus · Accepted Answer

The Answer of Table 15-4
A monopolist faces the following demand curve: 
-Refer to Table 15-4. If the monopolist produces 5 units, what is its average revenue?
A)$100 
B)$20 
C)$5 
D)$4

Table 15-4 A Monopolist Faces the Following Demand Curve