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For the next five questions, consider a monopolist. Suppose the monopolist faces the following demand curve: P = 180 - 4Q. Marginal cost of production I is constant and equal to $20, and there are no fixed costs. What is the monopolist's profit maximizing level of output?

a) q=45

b) q=40

c) q=30

d) q=20

e) q=10

f) none of above

1. What price will the profit maximizing monopolist charge?

a) p=100

b) p=20

c) p=60

d) p=180

e) p=80

f) p=none of the above

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

1600

3200

400

1200

800

None of the above

3. What is the value of the consumer surplus?

400

150

1600

600

512.5

None of the above

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M91406237

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