high 9. If a monopolist sells 10 units of output for $7 each and 11 units of output at $6 each, what is the price elasticity of demand along this segment of the demand curve? A) 0.62 B) -0.62 C) 1 D) -1 10. Suppose a monopolist faces a demand curve given by P=20-Q and has MC=AVC=ATC=$6. What is the profit maximizing price for the monopolist? A) $6 B) $2 C) $1 D) $13 picted in the 11. Continuing from the previous question. How much profit does the monopolist make? will make A) $1.25 B) $36 20 - 2 Q C) $6 D) $49 20 - 2 Q - 20- 6 = = 14 . 26 9 Q 12. If the monopolist face a demand curve given by P=10-20, the Marginal Revenue functions A) P=20-2Q list, the B) P=20-40 20 -7 2 2 2 C) P=10-2Q D) P=10-40 13. What is a perfectly competitive firm's break-even price? A) When it is equal to the minimum of the firm's ATC curve rginal B) When it is equal to the minimum of the firm's AVC curve C) When it is equal to the minimum of the firm's AFC curve D) When it is equal to the minimum of the firm's MC curve