Consider a monopolist whose total cost function is TC = 20 + 10Q + 0.3Q2 and whose marginal cost function is MC = 10 + 0.6Q. The demand function for the firms good is P = 120 - 0.2Q. The firm optimizes by producing the level of output that maximizes profit or minimizes loss. If the firm uses a uniform pricing strategy, then the firm will: produce 90 units of output, charge a price of $102, and earn a profit of $9180 produce 90 units of output, charge a price of $102, and earn a profit of $7460 produce 110 units of output, charge a price of $98, and earn a profit of $6030 produce 110 unit

Question

Consider a monopolist whose total cost function is TC = 20 + 10Q + 0.3Q2 and whose marginal cost function is MC = 10 + 0.6Q. The demand function for the firms good is P = 120 - 0.2Q. The firm optimizes by producing the level of output that maximizes profit or minimizes loss. If the firm uses a uniform pricing strategy, then the firm will: 	produce 90 units of output, charge a price of $102, and earn a profit of $9180 	produce 90 units of output, charge a price of $102, and earn a profit of $7460 	produce 110 units of output, charge a price of $98, and earn a profit of $6030 	produce 110 unit