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

question 11

Multiple Choice

If a monopolist faces an inverse demand curve, p(y) = 100 - 2y and has constant marginal costs of $4 and zero fixed costs and if this monopolist is able to practice perfect price discrimination, its total profits will be

• A) $24.
• B) $3,456.
• C) $2,304.
• D) $1,152.
• E) $576.

---

Definitions:

Consciousness

Consciousness and the capability to evaluate one's very being, senses, ideas, surroundings, and encounters.

Behavior

The actions or reactions of an organism or system, often in response to environmental stimuli, observable by others.

Functionalist

In psychology, a theory or perspective that emphasizes the purpose or role of behavior and consciousness in adapting to the environment.

Perception

The way in which individuals sort out and make sense of their sensory observations to attribute meaning to their surroundings.