Use the following to answer question 328:
Figure: The Monopolist IV
-(Figure: The Monopolist IV)Use Figure: The Monopolist IV.Assume this monopolist has no fixed costs.If this monopolist profit-maximizes,it will produce _____ units and charge a price equal to _____.Its profit will be _____,its consumer surplus will be _____,and the deadweight loss is _____.
A) 50;$30;$1 200;$600;$100
B) 35;$65;$1 225;$612.50;$612.50
C) 100;$65;$1 500;$615.50;$1 000
D) 70;$35;$1 225;$615.50;$615.50

Question

Use the following to answer question 328:
Figure: The Monopolist IV 
-(Figure: The Monopolist IV)Use Figure: The Monopolist IV.Assume this monopolist has no fixed costs.If this monopolist profit-maximizes,it will produce _____ units and charge a price equal to _____.Its profit will be _____,its consumer surplus will be _____,and the deadweight loss is _____.
A) 50;$30;$1 200;$600;$100 
B) 35;$65;$1 225;$612.50;$612.50 
C) 100;$65;$1 500;$615.50;$1 000 
D) 70;$35;$1 225;$615.50;$615.50

Quizplus · Accepted Answer

The Answer of Use the following to answer question 328:
Figure: The Monopolist IV 
-(Figure: The Monopolist IV)Use Figure: The Monopolist IV.Assume this monopolist has no fixed costs.If this monopolist profit-maximizes,it will produce _____ units and charge a price equal to _____.Its profit will be _____,its consumer surplus will be _____,and the deadweight loss is _____.
A) 50;$30;$1 200;$600;$100 
B) 35;$65;$1 225;$612.50;$612.50 
C) 100;$65;$1 500;$615.50;$1 000 
D) 70;$35;$1 225;$615.50;$615.50

Use the Following to Answer Question 328