Scenario 10.1: Barbara Is a Producer in a Monopoly Industry. Her Demand

Multiple Choice

Scenario 10.1:
Barbara is a producer in a monopoly industry. Her demand curve, total revenue curve, marginal revenue curve and total cost curve are given as follows:
Q = 160 - 4P TR = 40Q - 0.25 MR = 40 - 0.5Q TC = 4Q MC = 4
-Refer to Scenario 10.1. How much profit will she make?

A) $-996
B) $0
C) $1,296
D) $1,568
E) none of the above