Exhibit 9.7 -Refer to Exhibit 9.7,which Shows the Cost and Revenue Curves

Multiple Choice

Exhibit 9.7

-Refer to Exhibit 9.7,which shows the cost and revenue curves for a monopolist that does not practice price discrimination.The consumer surplus at the profit-maximizing level of output is _____

A) represented by the area under the demand curve and above the price line corresponding to $136.
B) represented by the area under the demand curve and above the line corresponding to an average total cost of $110.
C) represented by the area under the marginal revenue curve and the line corresponding to a marginal revenue of $60.
D) $0.
E) equal to total consumer expenditure.