McqMate
| Q. |
If the demand facing a monopolist is P = 100 − 10Q and marginal cost is constant at 20, then the profit maximizing price and quantity for this monopolist are: |
| A. | P = 60 and Q = 4 |
| B. | P = 20 and Q = 8 |
| C. | P = 90 and Q = 10 |
| D. | P = 4 and Q = 60 |
| Answer» A. P = 60 and Q = 4 | |
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