Refer to Figure 15-4. What is the amount of the monopoly's ...

[nelaaney]

Refer to Figure 15-4. What is the amount of the monopoly's profit?
 
  A) 2,700 B) 4,200 C) 10,400 D) 12,600

Question 2

Max Shreck, an accountant, quit his 80,000-a-year job and bought an existing tattoo parlor from its previous owner, Sylvia Sidney. The lease has five years remaining and requires a monthly payment of 4,000. The lease
 
  A) is a variable cost of operating the tattoo parlor.
  B) is an implicit cost of operating the tattoo parlor.
  C) is a fixed cost of operating the tattoo parlor.
  D) is part of the marginal cost of operating the tattoo parlor.

[fur]

Answer to Question 1

A

Answer to Question 2

C