A monopolist faces a demand function given by Q = 50 -P and has a cost function
C =3Q²+ 10Q + 50. If the government imposes a lump sum tax of $50, the monopoly price is:

Question

A monopolist faces a demand function given by Q = 50 -P and has a cost function C =3Q²+ 10Q + 50. If the government imposes a lump sum tax of $50, the monopoly price is: A)$100. B)$3. C)$10. D)$5.

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The Answer of A monopolist faces a demand function given by Q = 50 -P and has a cost function C =3Q²+ 10Q + 50. If the government imposes a lump sum tax of $50, the monopoly price is: A)$100. B)$3. C)$10. D)$5.

A Monopolist Faces a Demand Function Given by Q =