Figure 11-9
-In Figure 11-9, at the profit-maximizing monopolist output, this firm receives how much profit per unit?

Name: Figure 11-9 -In Figure 11-9, at the profit-maximizing monopolist output, this firm receives how much profit per unit?
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Question

Figure 11-9 
-In Figure 11-9, at the profit-maximizing monopolist output, this firm receives how much profit per unit?

Quizplus · Accepted Answer

The profit per unit for a monopolist is calculated as the difference between price and average total cost at the profit-maximizing output. The correct choice is $3, assuming that Figure 11-9 shows this difference as $3.

Figure 11-9 -In Figure 11-9, at the Profit-Maximizing Monopolist Output, This Firm