Refer to the Following Table That Gives the Demand Facing

question 9

Multiple Choice

Refer to the following table that gives the demand facing a monopolist: If a firm earns profits of $250 by producing 40 units of output,the firm charges a price of _____ and has total costs of ______.

• A)$15,$250
• B)$15,$350
• C)$20,$150
• D)$600,$450
• E)none of the above

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