Refer to the figure above. What is the optimal quantity that the monopolist should produce?
A) 30 units
B) 45 units
C) 60 units
D) 90 units
A
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Answer the next question using the following budget information for a hypothetical economy. Assume that all budget surpluses are used to pay down the public debt. Government SpendingTax RevenuesGDPYear 1$450$425$2,000Year 25004503,000Year 36005004,000Year 46406205,000Year 56805804,800Year 66006205,000If year 1 is the first year of this nation's existence and year 4 is the present year, the public debt as a percentage of GDP in year 4 is
A. 3.9%. B. 2.5%. C. 1.39%. D. 7.5%.
Which of the following would cause an increase in the demand for U.S. dollars?
a. an interest rate cut in the United States b. an interest rate cut in Europe c. an interest rate increase in Europe d. a recession in Europe
When firms have had to defend themselves against the charge that they have adopted unjustifiably low prices either to drive a competitor out of business or to prevent the entry of a rival, they have been accused of
A. creating a trust. B. conspiracy. C. predatory pricing. D. price discrimination.
Adverse selection arises when:
A. buyers and sellers with the same information about the quality of a good or the riskiness of a situation seek each other out. B. buyers and sellers have different information about the quality of a good or the riskiness of a situation. C. people behave in a riskier way because they have incomplete information. D. the wants of both parties are aligned with one another.