Multiple Choice
The figure given below shows the cost and revenue curves of a monopolist.Figure 11.9
D: Average revenue
MR: Marginal revenue
ATC: Average total cost
MC: Marginal cost
-Refer to Figure 11.9. Suppose that the market is perfectly competitive. The consumer surplus would be represented by the area _____.
A) JNM
B) 0JNV
C) HMQ
D) 0HQX
E) JHQN
Correct Answer:

Verified
Correct Answer:
Verified
Q36: The figure below shows the market equilibrium
Q37: The figures given below represent the revenue
Q38: The table given below shows the price,
Q39: The table given below shows the price,
Q40: The figure given below shows the cost
Q42: The table given below shows the prices
Q43: The figure given below shows the cost
Q44: The figure given below shows the demand
Q45: The table given below shows the price,
Q46: The figure given below shows the aggregate