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If a monopolist sells 100 units at $9 per unit and realizes an average total cost of $8 per unit, what is the monopolist's profit? Group of answer choices $200 $50 $900 $100

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

46. If a monopolist sells 100 units at $9 per unit and realizes an average total cost of $8 per unit, what is the monopolist's profit?

Group of answer choices

$200

$50

$900

$100

Definition Definition Total cost of producing a certain quantity of a good, divided by the quantity produced. It is the sum of all costs (fixed and variable) required to produce one unit of output.

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