Table 15-3 A Monopolist Faces the Following Demand Curve

Multiple Choice

Table 15-3
A monopolist faces the following demand curve:

-Refer to Table 15-3.Consider that the monopolist has total fixed costs of $40 and a constant marginal cost of $5.At the profit-maximizing level of output,what is the monopolist's average total cost

A) $5.82
B) $6.74
C) $7.50
D) $9.00