Demand and marginal cost facing asingle-price monopolist are defined by the followingequations:

Qd= 500- 2P

MC= Q

What equation best represents marginal revenue facing thismonopolist?

A.

1000- 4Q

B.

250- Q

C.

500- 4Q

D.

250- 4Q

When demand is unitelastic, what is marginalrevenue?

A.

$0

B.

$250

C.

$500

D.

$125

What level of output and price(Q*, P*) maximize profit for thismonopolist?

A.

(300, $100)

B.

(160, $170)

C.

(125, $187.50)

D.

(250, $125)

What deadweight loss results from thismonopoly?

A.

$3,906.25

B.

$1,453.13

C.

$1,302.08

D.

$5,859.38