A monopolist with constant average and marginal cost equal to 10 (AC = MC = 10)...
A monopolist with constant average and marginal cost equal to 10 (AC = MC = 10) faces demand Q = 100 - 2P, implying that its marginal revenue is MR = 100 - 4Q. Its profit maximizing quantity is
Group of answer choices
22.5
45
90
80
Homework Answers
A monopolist produces at the point where MR= MC.
Equating the given values: 100-4Q = 10
100-10= 4Q
90 = 4Q
90/4 = Q
22.5 = Q
The correct answer is: (i) 22.5
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A monopolist with constant average and marginal cost equal to 10
(AC = MC = 10)...
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