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Question 13

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Use the following to answer questions below    -Refer to the graph of demand and marginal revenue. If a profit-maximizing monopolist with a constant unit cost equal to $40 faces the demand curve plotted in the graph, then the monopolist's total profit A)  will be equal to $90. B)  will be equal to $70. C)  will be equal to $30. D)  None of the above is correct.
-Refer to the graph of demand and marginal revenue. If a profit-maximizing monopolist with a constant unit cost equal to $40 faces the demand curve plotted in the graph, then the monopolist's total profit


A) will be equal to $90.
B) will be equal to $70.
C) will be equal to $30.
D) None of the above is correct.

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