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corie corie
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6 years ago
A monopolist has set her level of output to maximize profit.  The firm's marginal revenue is $20, and the price elasticity of demand is -2.0.  The firm's profit maximizing price is approximately:
A) $0
B) $20
C) $40
D) $10
E) This problem cannot be answered without knowing the marginal cost.
Textbook 
Microeconomics

Microeconomics


Edition: 8th
Author:
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CanihCanih
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#1
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6 years ago
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corie Author
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6 years ago
Thanks
Smair87
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Yesterday
I appreciate what you did here, answered it right Smiling Face with Open Mouth
jbag1237
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2 hours ago
Correct Slight Smile TY
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