Scenario 15-4 Suppose a Monopolist Has a Demand Curve That Can Be

question 641

Multiple Choice

Scenario 15-4
Suppose a monopolist has a demand curve that can be expressed as P=90-Q. The monopolist's marginal revenue curve can be expressed as MR=90-2Q. The monopolist has constant marginal costs and average total costs of $10.
-Refer to Scenario 15-4. The profit-maximizing monopolist will earn profits of

• A)$6,400.
• B)$3,200.
• C)$1,600.
• D)$800.

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Definitions:

Dimethylamine

Dimethylamine is a simple amine consisting of two methyl groups attached to a nitrogen atom, used in a wide range of chemical applications, including as a precursor for certain chemicals.

3-pentanone

An organic compound characterized by a five-carbon chain with a ketone functional group at the third carbon atom.

Enamine

Derivatives of alkenes formed from the reaction between a secondary amine and a carbonyl group, often used as intermediates in organic synthesis.

Imine

A functional group or compound featuring a carbon-nitrogen double bond, often formed by the condensation of an aldehyde or ketone with an amine.