You Are the Manager of a Monopoly That Faces a Demand

question 4

Multiple Choice

You are the manager of a monopoly that faces a demand curve described by P = 85 - 5Q.Your costs are C = 20 + 5Q.The revenue maximizing output is

• A).85.
• B)9.
• C)10.
• D) none of the statements associated with this question are correct.

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Definitions:

Organization-focused Behavior

Actions and attitudes of individuals within an organization that are primarily directed toward supporting organizational goals and success.

Relating

The process of making connections or establishing relationships between people, enabling effective communication and understanding.

Social Capital

The networks of relationships among people who live and work in a particular society, enabling that society to function effectively.

Human Capital

The collective skills, knowledge, or other intangible assets of individuals that can be used to create economic value for the individuals, their employers, or their community.