Table 14-10 The Monopolist Faces the Following Demand Curve

question 519

Multiple Choice

Table 14-10
The monopolist faces the following demand curve:

-Refer to Table 14-10.If the monopolist has total fixed costs of $40 and a constant marginal cost of $5,what is the profit-maximizing level of output?

• A) 7 units
• B) 16 units
• C) 23 units
• D) 31 units