Scenario 10.9: Maui Macadamia Inc. Has a Monopoly in the Macadamia Nut

question 17

Multiple Choice

Scenario 10.9:
Maui Macadamia Inc. has a monopoly in the macadamia nut industry. The demand curve, marginal revenue and marginal cost curve for macadamia nuts are given as follows:
P = 360 - 4Q MR = 360 - 8Q MC = 4Q
-Refer to Scenario 10.9. At the profit maximizing level of output, what is the deadweight loss?

• A) 0
• B) 450
• C) 900
• D) 1,800
• E) none of the above

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Definitions:

Douche

Vaginal irrigation, which can be used to administer vaginal medication in liquid form.

Diluent

A liquid used to dissolve and dilute another substance, such as a drug.

Sublingual Medication

Drugs that are administered by being placed under the tongue for absorption through the mucous membranes into the bloodstream for faster action.

Oral Route

A method of drug administration where medication is taken through the mouth.