You Are the Manager of a Monopoly That Faces a Demand

question 145

Multiple Choice

You are the manager of a monopoly that faces a demand curve described by P = 63 − 5Q.Your costs are C = 10 + 3Q.The revenue-maximizing output is:

• A) 10/63.
• B) 5.
• C) 6.3.
• D) None of the preceding answers is correct.

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Definitions:

Nutrition Counselors

Professionals who specialize in advising individuals on dietary habits and practices for health and wellness.

Health Care Professional

An individual who provides preventive, curative, promotional, or rehabilitative health care services in a systematic way to people, families, or communities.

Code of Ethics

A set of guiding principles designed to influence the professional conduct and ethical decisions of individuals within a profession.

Nutrition and Dietetics Profession

A field of practice involving the assessment, diagnosis, and treatment of nutritional problems, primarily through dietary means.