The region of demand in which the monopolist will choose a price-output combination will be: A.
Elastic because as price declines and output increases, total revenue will increase
B.
Elastic because as price declines and output increases, total revenue will decrease
C.
Inelastic because as price declines and output increases, total revenue will decrease
D.
Inelastic because as price declines and output increases, total revenue will increase

Miller mfg. is analyzing a proposed project. the company expects to sell 14,300 units, plus or minus 3 percent. the expected variable cost per unit is $15 and the expected fixed cost is $35,000. the fixed and variable cost estimates are considered accurate within a plus or minus 3 percent range. the depreciation expense is $32,000. the tax rate is 34 percent. the sale price is estimated at $19 a unit, give or take 3 percent. what is the net income under the worst case scenario?