-Use the Figure Above to Answer This Question

question 63

Multiple Choice

-Use the figure above to answer this question.Mary is the only veterinarian in a small town and rents a space for her practice.If Mary's landlord decided to charge ________ per hour in rent,Mary would ________.

• A) $20 more; earn $0 economic profit
• B) $20 more; still earn an economic profit because she is a monopolist
• C) $30 more; earn $0 economic profit
• D) $10 less; raise her prices and earn a higher profit
• E) $30 more; operate on the inelastic portion of her demand curve

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