If a firm with monopoly pricing power in the market faces a demand curve of P = 2,000 - 2Q and marginal cost of MC = 1,100 + 2Q, then the firm will produce

A. 542 units.
B. 900 units.
C. 200 units.
D. 150 units.

Answer: D

Economics

You might also like to view...

When testing the null hypothesis that two regression slopes are zero simultaneously, then you cannot reject the null hypothesis at the 5% level, if the ellipse contains the point

A) (-1.96, 1.96). B) . C) (0,0). D) (1.962, 1.962).

Economics

Which one of these is not a characteristic of capitalism?

A. Central planning B. Private property C. The price mechanism D. Competition

Economics