A monopolist faces demand function of P = 10−2. What is the optimal quantity sold and the corresponding revenue?
A. Quantity is 2.5, total revenue is 12.5.
B. Quantity is 2.5, total revenue is 5.
C. Quantity is 12.5, total revenue is 2.5.
D. Quantity is 5, total revenue is 2.5.
E. Quantity is 12.5, total revenue is 5