a-monopolist-produces-150-units-at-a-price-of-80-each-the-average-total-cost-is-

Question

A monopolist produces 150 units at a price of $80 each. The average total cost is $70. What is the profit?

Accepted Answer

$1,500

Answer

$2,000

Answer

$500

Answer

$1,000

A monopolist produces 150 units at a price of \$80 each. The average total cost is \$70. What is the profit?