Laura Runs a Nightclub

question 10

Multiple Choice

Laura runs a nightclub.Given the popularity and cache of the club, she has a monopoly position in the market.The market demand curve is given by P = 120 - q.Laura has a marginal cost per drink of MC = 2q and a fixed cost FC = $150.If Laura charges the same price to all customers, what is Laura's profit?

• A)$3200
• B)$3050
• C)$650
• D)$1600
• E)$1650

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Definitions:

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Admission Interview

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Coronary Artery Bypass

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Intubated Patient

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