A Monopolist Faces the Following Demand Curve

question 227

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 profit is

• A) $88.
• B) $8.
• C) $6.
• D) We do not have enough information to determine profit.

---

Definitions:

Parallel Arrays

Two or more arrays that are used together, where corresponding elements in each array are related in some way, often used to store related data.

Same Subscript Value

A situation where different array elements are accessed using the identical index number.

Arrays Of Structures

A data structure in C and C++ that allows storing multiple instances of structs in an array format.

Data Items

Units of data that are manipulated or processed by computer programs, ranging from simple values to complex structures.