Table 14-6 A Monopolist Faces the Following Demand Curve

question 406

Multiple Choice

Table 14-6
A monopolist faces the following demand curve:

-Refer to Table 14-6.Suppose the monopolist has total fixed costs equal to $5 and a variable cost equal to $4 per unit for all units produced.What would the total profit be if she charged $6 per unit for her product?

• A) $1
• B) $3
• C) $8
• D) $15

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