A single price monopoly that faces the demand curve P = 10 - Q and profit maximizes by reducing price from $6 to $5 must have a marginal cost of
A)1.
B)5.
C)6.
D)10.

Question

A single price monopoly that faces the demand curve P = 10 - Q and profit maximizes by reducing price from $6 to $5 must have a marginal cost of 
A)1. 
B)5. 
C)6. 
D)10.

Quizplus · Accepted Answer

The Answer of A single price monopoly that faces the demand curve P = 10 - Q and profit maximizes by reducing price from $6 to $5 must have a marginal cost of 
A)1. 
B)5. 
C)6. 
D)10.

A Single Price Monopoly That Faces the Demand Curve P