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

question 6

Multiple Choice

If a monopolist faces an inverse demand curve, p(y) = 100 - 2y and has constant marginal costs of $8 and zero fixed costs and if this monopolist is able to practice perfect price discrimination, its total profits will be

• A) $2,116.
• B) $23.
• C) $1,058.
• D) $3,174.
• E) $529.

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Definitions:

Orientation Behavior

The ability of an organism to recognize its position in its environment through cues and to adjust its behaviors accordingly.

Systematic Application

The organized, methodical implementation of procedures, practices, or policies in order to achieve specific objectives.

Aversive Conditioning

A method of behavioral training that uses negative stimuli to reduce or eliminate undesired behaviors.

Incense

Aromatic materials that produce fragrant smoke when burned, often used in religious rituals, aromatherapy, or for creating a pleasant atmosphere.