21. Jessie can sell 10 water bottles for $65 each, 20 water bottles for $60 each, 30 water bottles for $50 each, 40 water bottles for $40 each, and 50 water bottles for $30 each. Her marginal cost of production is constant at $50 for each additional unit (or water bottle) produced. If she behaves like a monopolist, what is the number of water bottles she will sell? а. 20 b. 30 C. 40

21. Jessie can sell 10 water bottles for $65 each, 20 water bottles for $60 each, 30 water bottles for $50 each, 40 water bottles for $40 each, and 50 water bottles for $30 each. Her marginal cost of production is constant at $50 for each additional unit (or water bottle) produced. If she behaves like a monopolist, what is the number of water bottles she will sell? а. 20 b. 30 C. 40

Essentials of Economics (MindTap Course List)

8th Edition

ISBN:9781337091992

Author:N. Gregory Mankiw

Publisher:N. Gregory Mankiw

Chapter14: Monopoly

Section: Chapter Questions

Problem 6CQQ

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