Table 15-10
The monopolist faces the following demand curve:
-Refer to Table 15-10. If the monopolist has total fixed costs of $40 and a constant marginal cost of $5, how much profit can the firm earn at the profit-maximizing level of output?
A)$128
B)$120
C)$80
D)$8

Question

Table 15-10
The monopolist faces the following demand curve: 
-Refer to Table 15-10. If the monopolist has total fixed costs of $40 and a constant marginal cost of $5, how much profit can the firm earn at the profit-maximizing level of output?
A)$128 
B)$120 
C)$80 
D)$8

Quizplus · Accepted Answer

The Answer of Table 15-10
The monopolist faces the following demand curve: 
-Refer to Table 15-10. If the monopolist has total fixed costs of $40 and a constant marginal cost of $5, how much profit can the firm earn at the profit-maximizing level of output?
A)$128 
B)$120 
C)$80 
D)$8

Table 15-10 The Monopolist Faces the Following Demand Curve