2
answers
0
watching
1,154
views
28 Sep 2019
Table 15-10 The monopolist faces the following demand curve:
Price
Quantity
$10
5
$9
10
$8
16
$7
23
$6
31
$5
45
$4
52
$3
60
Refer to Table 15-10. If the monopolist has total fixed costs of $40 and a constant marginal cost of $5, what is the profit-maximizing level of output?
A. 23 units
B. 16 units
C. 31 units
D. 7 units
Table 15-10 The monopolist faces the following demand curve:
| Price | Quantity |
| $10 | 5 |
| $9 | 10 |
| $8 | 16 |
| $7 | 23 |
| $6 | 31 |
| $5 | 45 |
| $4 | 52 |
| $3 | 60 |
Refer to Table 15-10. If the monopolist has total fixed costs of $40 and a constant marginal cost of $5, what is the profit-maximizing level of output?
|
|||
|
|||
|
|||
|
Read by 2 people
1 Jun 2022
Darryn D'SouzaLv10
28 Sep 2019
Already have an account? Log in
Related textbook solutions
Related questions
Table 15-6.
A monopolist faces the following demand curve:
|
Quantity |
Price |
|
1 |
$15 |
|
2 |
$12 |
|
3 |
$9 |
|
4 |
$6 |
|
5 |
$3 |
Refer to Table 15-6. Suppose the monopolist has total fixed costs equal to $5 and a variable cost equal to $4 per unit for all units produced. What would the total profit be if she charged $6 per unit for her product?
| a. |
$1 |
|
| b. |
$3 |
|
| c. |
$8 |
|
| d. |
$15 |
