Table 14-10 The Monopolist Faces the Following Demand Curve

question 66

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,how much profit can the firm earn at the profit-maximizing level of output?

• A) $128
• B) $120
• C) $80
• D) $8

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Definitions:

Fibularis Tertius

A small muscle in the lower leg that helps with foot eversion and extension of the toes.

Gastrocnemius

A major calf muscle that is involved in walking, running, and jumping, aiding in the bending of the knee and the plantar flexion of the foot.

Antagonistically

Describes muscles that work in opposition to each other to enable movement, as when one muscle contracts, the antagonist relaxes.

Flexor Digitorum Longus

A muscle in the lower leg that flexes the toes and helps in walking.