If MC = Q/15 Represents Marginal Cost for a Monopolist

question 74

Multiple Choice

If MC = Q/15 represents marginal cost for a monopolist and market demand is given by Q_d = 500 - 10P, the monopolist maximizes profit by setting price equal to:

• A) $12.50.
• B) $20.00.
• C) $31.25.
• D) $50.00.

---

Definitions:

Management Consultant

A professional who provides advice to businesses on strategy, structure, management, and operations.

Sources of Change

Sources of change include various factors that can alter the dynamics of an environment or organization, such as technological advancements, economic shifts, or cultural transformations.

Entrepreneurial Traits

Characteristic features and attributes that are commonly observed in successful entrepreneurs, such as innovation, risk-taking, and resilience.

Risk-Taking Behavior

The propensity to engage in activities or decisions that have the potential for significant loss or gain, typically evaluated in the context of business, investment, and personal choice.