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Author Question: If the inverse demand curve a monopoly faces is p = 100 - 2Q, and MC is constant at 16, then maximum profit (Read 184 times)

CQXA

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on: Mar 14, 2021

Question 1

If the inverse demand curve a monopoly faces is p = 100 - 2Q, and MC is constant at 16, then profit maximization is achieved when the monopoly sets price equal to
◦ 16.
◦ 21.
◦ 25.
◦ 58.

Question 2

If the inverse demand curve a monopoly faces is p = 100 - 2Q, and MC is constant at 16, then maximum profit
◦ equals $336.
◦ equals $882.
◦ equals $1,218.
◦ cannot be determined solely from the information provided.
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Marked as best answer by CQXA on Mar 14, 2021

Brummell1998

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Reply #1 on: Mar 14, 2021
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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CQXA

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Reply 2 on: Mar 14, 2021
Wow, this really help

bdobbins

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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