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Question 245

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Scenario: Mr. Olivander has a monopoly on supplying magic wands. The table below shows the demand schedule for magic wands per day.
Scenario: Mr. Olivander has a monopoly on supplying magic wands. The table below shows the demand schedule for magic wands per day. -Refer to the scenario above.If the marginal cost of a magic wand is $10,what price should Mr.Olivander charge to maximize his profit? A) $65 B) $55 C) $35 D) $20
-Refer to the scenario above.If the marginal cost of a magic wand is $10,what price should Mr.Olivander charge to maximize his profit?


A) $65
B) $55
C) $35
D) $20

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