A monopolist faces the following demand curve:
The monopolist has total fixed costs of $40 and a constant marginal cost of $5.At the profit-maximizing level of output,the monopolist's average total cost is
A)$9.00
B)$7.50
C)$6.74
D)$5.82

Question

A monopolist faces the following demand curve: 
The monopolist has total fixed costs of $40 and a constant marginal cost of $5.At the profit-maximizing level of output,the monopolist's average total cost is
A)$9.00 
B)$7.50 
C)$6.74 
D)$5.82

Quizplus · Accepted Answer

The Answer of A monopolist faces the following demand curve: 
The monopolist has total fixed costs of $40 and a constant marginal cost of $5.At the profit-maximizing level of output,the monopolist's average total cost is
A)$9.00 
B)$7.50 
C)$6.74 
D)$5.82

A Monopolist Faces the Following Demand Curve