QUESTION 8 graph for a monopolist RICE 22 20 18 16 14 MC ATC

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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QUESTION 8
A graph for a monopolist
PRICE
2266
20
16
14
12
10
8
00
6
4
2.
N
20 40
60
QUANTITY
MR
MC
a
ATC
80 100 120 140
Refer to Figure. If this monopolist produces at their profit maximization level then their total cost will be
O a. $490.
O b. $784.
O c. $700.
O d. $980.
Transcribed Image Text:QUESTION 8 A graph for a monopolist PRICE 2266 20 16 14 12 10 8 00 6 4 2. N 20 40 60 QUANTITY MR MC a ATC 80 100 120 140 Refer to Figure. If this monopolist produces at their profit maximization level then their total cost will be O a. $490. O b. $784. O c. $700. O d. $980.
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