A profit-maximizing monopoly firm with a demand curve P = 50 − Q is a perfect pricediscriminator. If it has marginal costs of Rs. 10/unit and fixed costs of Rs. 30, it will produce _____ units of output and will make______ profit.

Related MCQs

• The elasticity of demand for the demand curve of a firm under perfect competition is
• In input-output analysis,____ shows the number of units of any industry’s output needed to produce one unit of another industry’s output.
• If the demand curve for a monopolist is P = 100 -20Q, then the marginal revenue of that firm is given by the equation:
• In monopoly, when the demand curve is elastic, MR is:
• In monopoly, if p = Rs. 10 at the point on the demand curve where η = 0.5, MR is:
• In the short run, a monopolist will shut down if it is producing a level of output where marginal revenue is equal to short-run marginal cost and price is:
• The slope of ___curve will be positive if and only if the marginal cost curve lies above the AC curve.
• 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:
• In a monopoly, marginal revenue is:
• A perfectly competitive firm should reduce output or shut down in the short run if market price is equal to marginal cost and price is: