Solved

-Suppose a Monopolist Has TC = 40 + 10Q

Question 50

Multiple Choice

  -Suppose a monopolist has TC = 40 + 10Q + Q<sup>2</sup>,and the demand curve it faces is p = 130 - 2Q.What is the monopolist's total cost (TC) at the profit-maximizing level of output? A)  TC = 320 B)  TC = 640 C)  TC = 720 D)  TC = 840
-Suppose a monopolist has TC = 40 + 10Q + Q2,and the demand curve it faces is p = 130 - 2Q.What is the monopolist's total cost (TC) at the profit-maximizing level of output?


A) TC = 320
B) TC = 640
C) TC = 720
D) TC = 840

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions