If a Monopolist Faces an Inverse Demand Curve, P(y) =

question 12

Multiple Choice

If a monopolist faces an inverse demand curve, p(y) = 100 - 2y and has constant marginal costs of $24 and zero fixed costs and if this monopolist is able to practice perfect price discrimination, its total profits will be

• A) $1,444.
• B) $19.
• C) $2,166.
• D) $722.
• E) $361.

---

Definitions:

Employment At-will

A legal doctrine that means an employer can terminate an employee at any time for any reason, except an illegal one, and without warning.

Employment Contract

A legal document outlining the terms of employment, including duties, benefits, and duration, between an employer and employee.

Collective Bargaining Agreement

A collective bargaining agreement is a legally binding contract resulting from negotiations between a group of employees, often represented by a union, and their employer, covering the terms and conditions of employment.

Legal Statute

A law or regulation enacted by the legislative branch of government.