For the next five questions, consider a monopolist. Suppose the monopolist faces the following demand curve: P = 140 - 6Q. Marginal cost of production is constant and equal to $20, and there are no fixed costs. What is the monopolist's profit maximizing level of output?

Q = 22

Q = 15

Q = 10

Q = 20

Q = 5

none of the above

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Question 11

2pts

What price will the profit maximizing monopolist charge?

P = $10

P = $20

P = $40

P = $80

P = $140

none of the above

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Question 12

2pts

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

Profit = $900

Profit = $600

Profit = $800

Profit = $200

Profit = $400

none of the above

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Question 13

2pts

What is the value of consumer surplus?

CS = $1400

CS = $900

CS = $600

CS = $300

CS = $200

none of the above

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Question 14

2pts

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

DWL = $200

DWL = $400

DWL = $600

DWL = $800

DWL = $1000

none of the above