Suppose that single-price, single-product and single-plant monopolist faces the following demand curve: Q $5,000 and its average variable cost is 0.01Q. Find the profit of the monopolist. = 5000 25P. The monopolist's fixed cost of production is O $190,000 O $195,000 $182,500 $200,000

Suppose that single-price, single-product and single-plant monopolist faces the following demand curve: Q $5,000 and its average variable cost is 0.01Q. Find the profit of the monopolist. = 5000 25P. The monopolist's fixed cost of production is O $190,000 O $195,000 $182,500 $200,000

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

Suppose that single-price, single-product and single-plant monopolist faces the
following demand curve: Q
$5,000 and its average variable cost is 0.01Q. Find the profit of the monopolist.
5000
25P. The monopolist's fixed cost of production is
O $190,000
O$195,000
$182,500
$200,000

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