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Author Question: If an unregulated electric company is a monopolist, faces demand of Q = 100 - 50P, and has a ... (Read 75 times)

cagreen833

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on: Jul 1, 2018
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


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Mollythedog

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Reply #1 on: Jul 1, 2018
Answer to Question 1

b

Answer to Question 2

a


cagreen833

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Reply 2 on: Jul 1, 2018
YES! Correct, THANKS for helping me on my review

deja

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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