Multiple Choice
A monopoly has two production plants with cost functions C1 = 40 + 0.2Q12 and C2 = 50 + 0.1Q22.The demand it faces is Q = 480 − 5P.What is the profit-maximizing price?
A) $40 per unit
B) $45 per unit
C) $50 per unit
D) $60 per unit
Correct Answer:
Verified
Correct Answer:
Verified
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