Table 15-3 A Monopolist Faces the Following Demand Curve

question 161

Multiple Choice

Table 15-3
A monopolist faces the following demand curve:

-Refer to Table 15-3.Consider that the monopolist has total fixed costs of $40 and a constant marginal cost of $5.At the profit-maximizing level of output,what is the monopolist's average total cost

• A)$5.82
• B)$6.74
• C)$7.50
• D)$9.00

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