Quantity Price Total Cost 0 20 60 12 16 180 24 12 260 36 8 380 48 4 524 Using the table above, what would be the total revenue when the quantity equals 24 for a single price monopoly? $192 $288 $144 $384

Essentials of Economics (MindTap Course List)
8th Edition
ISBN:9781337091992
Author:N. Gregory Mankiw
Publisher:N. Gregory Mankiw
Chapter14: Monopoly
Section: Chapter Questions
Problem 3CQQ
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Quantity
Price
Total Cost
0
20
60
12
16
180
24
12
260
36
8
380
48
4
524
Using the table above, what would be the total revenue when the quantity equals 24
for a single price monopoly?
$192
$288
$144
$384
Transcribed Image Text:Quantity Price Total Cost 0 20 60 12 16 180 24 12 260 36 8 380 48 4 524 Using the table above, what would be the total revenue when the quantity equals 24 for a single price monopoly? $192 $288 $144 $384
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