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Managerial Economics · End Term · 28 Apr 2024 · January 2024 term · Set QDB3

Question 5: The resulting profit will be

Question 5

+1 markOne correct option

A monopolist faces the demand curve P = 11 - Q, where P is measured in dollars per unit and Q in thousands of units. The monopolist has a constant average cost of $6 per unit. Answer the given subquestions.

The resulting profit will be

  1. A

    4250

  2. B

    6250

  3. C

    5060

  4. D

    6850

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Correct answer

  • B

    6250

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Question 5 of 41 in the IIT Madras BS Managerial Economics (Managerial Economics) End Term paper sat on 28 Apr 2024, in the January 2024 term (IIT M DEGREE AN EXAM QDB3 28 Apr 2024). It carries 1 mark.

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