Table 15-10 The Monopolist Faces the Following Demand Curve

question 566

Multiple Choice

Table 15-10
The monopolist faces the following demand curve:
-Refer to Table 15-10. If the monopolist has total fixed costs of $40 and a constant marginal cost of $5, what is the profit-maximizing level of output?

• A)7 units
• B)16 units
• C)23 units
• D)31 units

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Definitions:

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