A Monopolist Faces the Following Demand Curve

question 226

Multiple Choice

A monopolist faces the following demand curve:
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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Definitions:

Males

Biological category of the sex that produces small, mobile gametes, typically associated with the XY chromosome configuration in humans.

Females

Refers to the sex of an organism, or a member of a species, that is typically associated with certain reproductive structures and functions.

Agents of Socialization

Individuals, groups, and institutions that shape an individual's social development and norms through social interaction.

Institutions

Established and enduring patterns of social order that govern the behavior and expectations of individuals within a society.