What price will the profit maximizing monopolist charge

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Reference no: EM13836376

Suppose the monopolist faces the following demand curve: P = 100 3Q. Marginal cost of production is constant and equal to $10, and there are no fixed costs. What is the monopolist’s profit maximizing level of output?

A) Q = 10

B) Q = 15

C) Q = 16

D) Q = 30

E) Q = 33

F) none of the above

What price will the profit maximizing monopolist charge?

A) P = $100

B) P = $55

C) P = $45

D) P = $15

E) P = $10

F) None of the above

How much profit will the monopolist make if she maximizes her profit?

A) Profit = $300

B) Profit = $327.5

C) Profit = $825

D) Profit = $1,012.5

E) Profit = $1,350

F) None of the above

What is the value of consumer surplus?

A) CS = $300

B) CS = $100

C) CS = $412.5

D) CS = $337.5

E) CS = $750

F) None of the above

Reference no: EM13836376

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