-For the monopoly shown in the figure above, the profit maximizing output is
A) 4 units per day.
B) 5 units per day.
C) 6 units per day.
D) 10 units per day.

Name: -For the monopoly shown in the figure above, the profit maximizing output is A) 4 units per day. B) 5 units per day. C) 6 units per day. D) 10 units per day.
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Question

-For the monopoly shown in the figure above, the profit maximizing output is
A) 4 units per day. 
B) 5 units per day. 
C) 6 units per day. 
D) 10 units per day.

Quizplus · Accepted Answer

The profit-maximizing output is where marginal revenue equals marginal cost. In the figure, this occurs at an output of 4 units per day.

-For the Monopoly Shown in the Figure Above, the Profit