-The figure above shows a monopoly's total revenue and total cost curves. The monopoly's marginal revenue equals its marginal cost when it produces
A) 0 units of output.
B) 5 units of output.
C) 15 units of output.
D) 20 units of output.

Question

-The figure above shows a monopoly's total revenue and total cost curves. The monopoly's marginal revenue equals its marginal cost when it produces
A) 0 units of output. 
B) 5 units of output. 
C) 15 units of output. 
D) 20 units of output.

Quizplus · Accepted Answer

In a monopoly, marginal revenue equals marginal cost at the profit-maximizing level of output. The figure indicates that this occurs at 15 units of output.

-The Figure Above Shows a Monopoly's Total Revenue and Total