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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

Principles of Microeconomics
Principles of Microeconomics
7th Edition
ISBN:9781305156050
Author:N. Gregory Mankiw
Publisher:N. Gregory Mankiw
Chapter15: Monopoly
Section: Chapter Questions
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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? a. 20 b. 30 C. 40
Transcribed Image Text: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? a. 20 b. 30 C. 40
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