Table 15-6 A Monopolist Faces the Following Demand Curve

question 463

Multiple Choice

Table 15-6
A monopolist faces the following demand curve:
-Refer to Table 15-6. If the monopolist has a constant marginal cost for her product equal to $7, what is her profit-maximizing price?

• A)$6
• B)$9
• C)$12
• D)$15

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Definitions:

\(34\)

An integer and natural number following 33 and preceding 35.

\(k ^ { 3 }\)

Represents the cube of a variable \(k\), equivalent to multiplying \(k\) by itself twice (\(k*k*k\)).

\(k + 8\)

An algebraic expression representing the sum of a variable, \(k\), and the number 8.