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Scenario 10.2: A Monopolist Faces the Following Demand Curve, Marginal Revenue Curve

Question 13

Multiple Choice

Scenario 10.2:
A monopolist faces the following demand curve, marginal revenue curve, total cost curve and marginal cost curve for its product:
Q = 200 - 2P
MR = 100 - Q
TC = 5Q
MC = 5
-Refer to Scenario 10.2. What level of output maximizes total revenue?


A) 0
B) 90
C) 95
D) 100
E) none of the above

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