Refer to the information provided in Figure 13.4 below to answer the question(s) that follow. Figure 13.4
-Refer to Figure 13.4. The ________ level of output for this monopolist is 22 units of output.
A) loss-minimizing
B) profit-maximizing
C) break-even
D) shutdown

Question

Refer to the information provided in Figure 13.4 below to answer the question(s) that follow.  Figure 13.4
-Refer to Figure 13.4. The ________ level of output for this monopolist is 22 units of output.
A) loss-minimizing 
B) profit-maximizing 
C) break-even 
D) shutdown

Quizplus · Accepted Answer

The profit-maximizing level of output for a monopolist is determined where marginal cost (MC) equals marginal revenue (MR), which, based on the information provided, occurs at 22 units of output.

Refer to the Information Provided in Figure 13