2. Economics
3. scenario use the following information to answer questions 57 high...

# Question: scenario use the following information to answer questions 57 high...

###### Question details

Scenario Use the following information to answer questions 5-7.

High Wire Cinema is the only movie theater in a small town. The following graph shows the market demand, marginal revenue, and cost curves of this single-price monopoly.

Question 5

If the monopolist produces at the profit maximizing rate of output, what will be the total revenue?

Select one or more:

a. $240 b.$800

c. $2,400 d.$1,500