Suppose a monopolist has a marginal cost of $4 and a fixed cost of $48. Suppose the demand curve is Q=12-(P/2). What is the P and Q which maximises consumer surplus? Q=0, P=24 Q=10, P=4 Q=9, P=18 Q=6, P=12 Q=5, P-14

Suppose a monopolist has a marginal cost of $4 and a fixed cost of $48. Suppose the demand curve is Q=12-(P/2). What is the P and Q which maximises consumer surplus? Q=0, P=24 Q=10, P=4 Q=9, P=18 Q=6, P=12 Q=5, P-14

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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