Table 15-20
A monopolist faces the following demand curve:
-Refer to Table 15-20. If a monopolist faces a constant marginal cost of $20, how much output should the firm produce in order to maximize profit?
A)2 units
B)3 units
C)4 units
D)5 units

Question

Table 15-20
A monopolist faces the following demand curve: 
-Refer to Table 15-20. If a monopolist faces a constant marginal cost of $20, how much output should the firm produce in order to maximize profit?
A)2 units 
B)3 units 
C)4 units 
D)5 units

Quizplus · Accepted Answer

The Answer of Table 15-20
A monopolist faces the following demand curve: 
-Refer to Table 15-20. If a monopolist faces a constant marginal cost of $20, how much output should the firm produce in order to maximize profit?
A)2 units 
B)3 units 
C)4 units 
D)5 units

Table 15-20 A Monopolist Faces the Following Demand Curve