A Monopolist Faces the Inverse Demand Curve P = 60

question 66

Multiple Choice

A monopolist faces the inverse demand curve P = 60 - Q.It has variable costs of Q² so that its marginal costs are 2Q,and it has fixed costs of 30.At its profit-maximizing output level,the monopoly's average cost is

• A) 11.
• B) 13.
• C) 17.
• D) 21.5.

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