Use the Following to Answer Question

question 83

Multiple Choice

Use the following to answer question:
Figure: The Profit-Maximizing Output and Price
-(Figure: The Profit-Maximizing Output and Price) Use Figure: The Profit-Maximizing Output and Price.Assume that there are no fixed costs and AC = MC = $200.At the profit-maximizing output and price for a monopolist,deadweight loss is:

• A)$3,200.
• B)$6,400.
• C)$1,000.
• D)$1,600.

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Definitions:

Solution Infeasible

A situation in optimization where no solution meets the constraints imposed on the problem.

Linear Programming

A mathematical method used to achieve the best outcome in a mathematical model whose requirements are represented by linear relationships.

Operations Managers

Individuals responsible for overseeing, designing, and controlling the process of production and redesigning business operations in the production of goods and/or services.

Linear Programming

A mathematical method for determining a way to achieve the best outcome in a given mathematical model with linear relationships.