If an unregulated electric company is a monopolist, faces demand ...

[cagreen833]

If an unregulated electric company is a monopolist, faces demand of Q = 100 - 50P, and has a constant marginal cost of 1, the profit-maximizing price is
 a. 0
  b. 1
  c. 1.5
  d. 2

Question 2

If an unregulated electric company is a monopolist, faces demand of Q = 100 - 50P, and has constant total costs, the profit-maximizing level of output is
 a. 50
  b. 100
  c. 25
  d. 12.5

[Mollythedog]

Answer to Question 1

b

Answer to Question 2

a

[cagreen833]

Thanks for the timely response, appreciate it

[tuate]

Great answer, keep it coming