Multiple Choice
A monopoly has two production plants with cost functions C1 = 50 + 0.1Q12 and C2 = 30 + 0.05Q22.The demand it faces is Q = 500 − 10P.What is the profit-maximizing price?
A) $12.5 per unit
B) $6.25 per unit
C) $31.25 per unit
D) $18.75 per unit
Correct Answer:
Verified
Correct Answer:
Verified
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