1. A monopolist faces a demand curve given by: P = 105 - 3Q, 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 $15. There are no fixed costs of production. How much output should the monopolist produce in order to maximize profit?

35 units.

30 units.

15 units.

10 units.

None of these.

2. A monopolist faces a demand curve given by: P = 210 - 5Q, 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 $60. There are no fixed costs of production. What price should the monopolist charge in order to maximize profit?

$60.

$30.

$135.

$90.

None of these.

3. A monopolist faces a demand curve given by: P = 210 - 5Q, 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 $60. There are no fixed costs of production. What is the deadweight loss associated with this monopoly?

$281.25.

$562.50.

$1125.

$2250.

None of the Above.

4. 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 profit will the monopolist make?

$32.

$256.

$512.

$1024.

None of these.

5. Suppose a monopolist faces the following demand curve: What is the marginal revenue of the 2nd unit of output?

Price	Quantity
$90	0
$80	1
$70	2
$60	3
$50	4
$40	5
$30	6
$20	7

$80

$70

$60

$10

None of these.