A Profit-Maximizing Monopolist Faces the Demand Curve Q = 100

question 17

Multiple Choice

A profit-maximizing monopolist faces the demand curve q = 100 - 3p. It produces at a constant marginal cost of $20 per unit. A quantity tax of $10 per unit is imposed on the monopolist's product. The price of the monopolist's product

• A) rises by $5.
• B) rises by $10.
• C) rises by $20.
• D) rises by $12.
• E) stays constant.

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Definitions:

Feelings of Worthlessness

Deeply negative self-evaluations that can be a symptom of depression, characterized by a profound sense of inadequacy and insignificance.

Glasser

Refers to William Glasser, an American psychiatrist who developed the theory of Choice Therapy, emphasizing personal responsibility and the importance of satisfying basic needs.

Paradoxical Intention

A cognitive technique used in therapy where clients are encouraged to engage in or exaggerate the feared behavior or thought pattern to reduce anxiety and disrupt the avoidance cycle.

Therapeutic Intervention

Actions or activities undertaken by a therapist or healthcare professional to help improve a patient's mental health or emotional wellbeing.