February 26, 2017

Homework Help: Economics

Posted by Carol on Friday, February 13, 2009 at 7:03pm.

A monopoly produces widgets at a marginal cost of $8 per unit and zero fixed costs. It faces an inverse demand function given by P = 38 - Q.
What are the profits of the monopoly in equilibrium?
A. $225
B. $120
C. $345
D. None of the statements associated with this question are correct

Answer This Question

First Name:
School Subject:

Related Questions

More Related Questions