If an unregulated electric company is a monopolist and faces demand of Q = 50 - 10P. It has a constant marginal cost of 1 and must pay an environmental fee to the government of 0.2 per unit of output. In this situation, the profit-maximizing level of output is:

a. 5
b. 10
c. 20
d. 50

c

Economics

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Which of the following is true?

A) The income per worker of a country is higher than its income per capita. B) The income per worker of a country increases when the amount of capital available in the country diminishes. C) The income per worker of a country is lower than its income per capita. D) The income per capita of a country increases when there is an increase in the number of workers.

Economics

In a market system, the working of the price system only results in the distribution of income.

Answer the following statement true (T) or false (F)

Economics