Scenario 10.1: Barbara Is a Producer in a Monopoly Industry. Her Demand

question 123

Multiple Choice

Scenario 10.1:
Barbara is a producer in a monopoly industry. Her demand curve, total revenue curve, marginal revenue curve and total cost curve are given as follows:
Q = 160 - 4P TR = 40Q - 0.25 MR = 40 - 0.5Q TC = 4Q MC = 4
-Refer to Scenario 10.1. The price of her product will be:

• A) $4.
• B) $22.
• C) $32.
• D) $42.
• E) $72.

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