ECO220Y5 Lecture Notes - Lecture 15: Hessischer Rundfunk
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Table 15-6.
A monopolist faces the following demand curve:
Quantity |
Price |
1 |
$15 |
2 |
$12 |
3 |
$9 |
4 |
$6 |
5 |
$3 |
Refer to Table 15-6. Suppose the monopolist has total fixed costs equal to $5 and a variable cost equal to $4 per unit for all units produced. What would the total profit be if she charged $6 per unit for her product?
Ā | a. |
$1 |
Ā | b. |
$3 |
Ā | c. |
$8 |
Ā | d. |
$15 |