From the information provided, A single-price monopolist earns a total profit of $80 when it produces and sells 20 units of its good. See the attached for more information.
<h3>How do we arrive at $80?</h3>
Total profit = revenue - cost
Revenue = price x number of units sold
Revenue at 20 units =
20 x9 = $180
Given that Total cost at 20 units is $100, thus,
Total Profit = 180 - 100
= $80.
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That's some crazy equations...is there more to the question?
Answer:
D. All of the above
Explanation:
If you were to look at the art forms of the 15th century, we see quite a bit of all three style(murals, frescos, and sculptures), this was the renissance period after all. Hope this helps!