Table 15-16 A Monopolist Faces the Following Demand Curve

question 399

Multiple Choice

Table 15-16
A monopolist faces the following demand curve:
-Refer to Table 15-16. The monopolist has total fixed costs of $40 and a constant marginal cost of $5. At the profit-maximizing level of output, the monopolist's average total cost is

• A)$9.00.
• B)$7.50.
• C)$6.74.
• D)$5.82.

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