The demand curve facing a monopolist is D(p)= 100/p if p is 20 or smaller and D(p)= 0 if p 20.The monopolist has a constant marginal cost of $1 per unit produced.What is the profit-maximizing quantity of output for this monopolist?
A)4
B)3
C)2
D)5
E)It cannot be determined from the information given.

Question

The demand curve facing a monopolist is D(p)= 100/p if p is 20 or smaller and D(p)= 0 if p > 20.The monopolist has a constant marginal cost of $1 per unit produced.What is the profit-maximizing quantity of output for this monopolist?
A)4
B)3
C)2
D)5
E)It cannot be determined from the information given.

Quizplus · Accepted Answer

The Answer of The demand curve facing a monopolist is D(p)= 100/p if p is 20 or smaller and D(p)= 0 if p > 20.The monopolist has a constant marginal cost of $1 per unit produced.What is the profit-maximizing quantity of output for this monopolist?
A)4
B)3
C)2
D)5
E)It cannot be determined from the information given.

The Demand Curve Facing a Monopolist Is D(p)= 100/p If