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Monopolist produce in order to maximize profit

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Reference no: EM131439176

A monopolist faces a demand curve given by: P = 70 - 2Q, where P is the price of the good and Q is the quantity demanded. The marginal cost of production is constant and is equal to $6. There are no fixed costs of production. How much output should the monopolist produce in order to maximize profit?

  • 32 units.
  • 35 units.
  • 16 units.
  • 6 units.
  • None of these.

Reference no: EM131439176

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