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Suppose a Monopolist Faces the Demand Curve and Cost Curves

Question 37

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Suppose a monopolist faces the demand curve and cost curves shown below. Suppose a monopolist faces the demand curve and cost curves shown below. FIGURE 10-5 -Refer to Figure 10-5.If the single-price monopolist is producing at the profit-maximizing level of output,the total cost is represented by the area A) 0P<sub>4</sub>aQ<sub>0</sub>. B) 0P<sub>3</sub>cQ<sub>3</sub>. C) 0P<sub>1</sub>dQ<sub>1</sub>. D) 0P<sub>2</sub>bQ<sub>0</sub>. E) 0P<sub>0</sub>gQ<sub>5</sub>. FIGURE 10-5
-Refer to Figure 10-5.If the single-price monopolist is producing at the profit-maximizing level of output,the total cost is represented by the area


A) 0P4aQ0.
B) 0P3cQ3.
C) 0P1dQ1.
D) 0P2bQ0.
E) 0P0gQ5.

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