a) For the next five questions, consider a monopolist. Suppose the monopolist faces the following demand curve: P = 100 - 3Q. Marginal cost of production is constant and equal to $10, and there are no fixed costs. What is the monopolist's profit maximizing level of output?

Q = 10

Q = 15

Q = 16

Q = 30

Q = 33

none of the above

b) What price will the profit maximizing monopolist charge?

P = $100

P = $55

P = $45

P = $15

P = $10

none of the above

c)How much profit will the monopolist make if she maximizes her profit?

Profit = $300

Profit = $327.5

Profit = $825

Profit = $1,012.5

Profit = $1,350

none of the above

d) What is the value of consumer surplus?

CS = $300

CS = $100

CS = $412.5

CS = $337.5

CS = $750

none of the above

e) What is the value of the deadweight loss created by this monopoly?

Deadweight loss = $412.5

Deadweight loss = $250

Deadweight loss = $675

Deadweight loss = $750

Deadweight loss = $337.5

none of the above