Given the demand function and cost function :
A. Maximum Revenue occurs at
B. Maximum Revenue occurs at
C. Maximum Revenue is 528
D. Maximum Revenue is 213
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2 marksMicroeconomicsMonopoly and price discriminationMonopoly equilibrium and marginal revenueHardabout 2 min
UGC-NET 2025 Question 44: Monopoly and price discrimination
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Plain-text version
Given the demand function P = 80 - 3Q and cost function TC = 120 + 8Q: A. Maximum Revenue occurs at Q = 12 B. Maximum Revenue occurs at Q = 3 C. Maximum Revenue is 528 D. Maximum Revenue is 213 (A) A and C only (B) A and D only (C) B and C only (D) B and D only
Monopoly and price discrimination has come up 128 times in 7 exams since 2004.
What this question tests
This question is on Monopoly equilibrium and marginal revenue, part of Monopoly and price discrimination in Microeconomics.
How a monopolist sets price and output where marginal revenue equals marginal cost.
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