A Monopolist Has Constant Marginal Costs of $1 Per Unit

question 34

Multiple Choice

A monopolist has constant marginal costs of $1 per unit.The demand for her output is 1,000/p if p is less than or equal to 50.The demand is 0 if p > 50.What is her profit maximizing level of output?

• A)5
• B)10
• C)15
• D)20
• E)25

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