Question

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 1

$2000

Step-by-step 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

Answer 2

The revenue is $2000.

Step-by-step explanation:

$100x20=$2000

The monopolist will have a revenue of $2.000