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A monopolist makes self‑cleaning jackets. At a price of $100 each, it can sell 20 jackets. At a price of $98 each, it can sell 21 jackets. Assume the monopolist cannot price discriminate. When charging $100 per jacket, total revenue is

Answer :

fernandoalonsoc

Answer:

The revenue is $2000.

Explanation:

$100x20=$2000

The monopolist will have a revenue of $2.000

holesstanham

Answer:

$2000

Explanation:

In this question we learn that when the monopolist sells jackets at the price of $100 each, then he is able to sell 20 jackets. Therefore, in order to find out what the total revenue would be when charging $100 per jacket, we would have to multiply the price times the quantity:

$100*20 = $2000

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