Table 15-6
A monopolist faces the following demand curve:
-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 is the total profit if she operates at her profit-maximizing price?
A)$1
B)$7
C)$9
D)$11

Question

Table 15-6
A monopolist faces the following demand curve: 
-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 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 15-6
A monopolist faces the following demand curve: 
-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 is the total profit if she operates at her profit-maximizing price?
A)$1 
B)$7 
C)$9 
D)$11

Table 15-6 A Monopolist Faces the Following Demand Curve