Table 15-4 A Monopolist Faces the Following Demand Curve

question 72

Multiple Choice

Table 15-4
A monopolist faces the following demand curve:

-Refer to Table 15-4.Consider that the monopolist has fixed costs of $1000 and has a constant marginal cost of $3 per unit.If the monopolist were able to perfectly price discriminate,how many units would it sell

• A)400
• B)500
• C)700
• D)800

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Definitions:

DNA

Deoxyribonucleic acid, a molecule that carries the genetic instructions used in the growth, development, functioning, and reproduction of all known living organisms.

Ribose

A five-carbon sugar that is a crucial component of RNA (ribonucleic acid) molecules.

Helix

A three-dimensional, spiral shape, common in structural biology, particularly in the structure of proteins and nucleic acids like DNA.

Adenine

A purine nucleobase vital for the structure of DNA and RNA, where it pairs with thymine in DNA and uracil in RNA.