Refer to Figure 15 3 The monopolist \u02b9 s total revenue is A 1116 B 1488 C 172640

Refer to figure 15 3 the monopolist ʹ s total

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57)Refer to Figure 15-3.The monopolistʹs total revenue is A) $1,116.B) $1,488.C) $1,726.40D) $1,826.Answer: B57)Diff: 2Page Ref: 497-498/497-498Topic: Profit MaximizationLearning Outcome: Micro 14: Discuss production and pricing decisions within monopolies and how publicpolicies affect monopoliesAACSB: Analytic Skills 58)Refer to Figure 15-3.The monopolistʹs total cost is 58)Diff: 2Page Ref: 497-498/497-498Topic: Profit MaximizationLearning Outcome: Micro 14: Discuss production and pricing decisions within monopolies and how publicpolicies affect monopoliesAACSB: Analytic Skills 19
59)Refer to Figure 15-3.The monopolist earns a profit of Diff: 2Page Ref: 497-498/497-498Topic: Profit MaximizationLearning Outcome: Micro 14: Discuss production and pricing decisions within monopolies and how publicpolicies affect monopoliesAACSB: Analytic Skills Table 15 -2PriceQuantityTotal RevenueMarginalRevenueTotal CostMarginal Cost$173$51-----$56-----16464$1363$71557511718146849809137917901012896510111Assume Table 15-2 gives the monthly demand and costs for subscriptions to basic cable for Comcast, a cable televisionmonopoly in Philadelphia.

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