Table 14-6
A monopolist faces the following demand curve:

-Refer to Table 14-6.Suppose the monopolist has total fixed costs equal to $5 and a variable cost equal to $4 per unit for all units produced.What is the total profit if she operates at her profit-maximizing price?
A) $1
B) $7
C) $9
D) $11

Question

Table 14-6
A monopolist faces the following demand curve:
 
-Refer to Table 14-6.Suppose the monopolist has total fixed costs equal to $5 and a variable cost equal to $4 per unit for all units produced.What is the total profit if she operates at her profit-maximizing price?
A) $1 
B) $7 
C) $9 
D) $11

Quizplus · Accepted Answer

The Answer of Table 14-6
A monopolist faces the following demand curve:
 
-Refer to Table 14-6.Suppose the monopolist has total fixed costs equal to $5 and a variable cost equal to $4 per unit for all units produced.What is the total profit if she operates at her profit-maximizing price?
A) $1 
B) $7 
C) $9 
D) $11

Table 14-6 A Monopolist Faces the Following Demand Curve