Suppose That a Monopolist's Inverse Demand Curve Can Be Expressed

question 160

Multiple Choice

Suppose that a monopolist's inverse demand curve can be expressed as: P = 10,000 + 100Q - 10Q².
The monopolist's total cost curve is: TC = 5,000Q.
The price the monopolist charges to maximize profit is P = ____.

• A) 15,999.44
• B) 12,342.32
• C) 10,111.21
• D) 8,888.11

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Definitions:

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The gross income of an employee, which is the sum of all earnings before any deductions or taxes are applied.

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The highest-ranking executive in a company, responsible for the overall operations, making major corporate decisions, and setting strategic goals.