Table 15-1
A monopolist faces the following demand curve:
Marginal cost is constant at $8 per unit.
-Refer to Table 15-1.The monopolist's profit-maximizing level of output is
A) 3 units.
B) 4 units.
C) 5 units.
D) 6 units.

Question

Table 15-1
A monopolist faces the following demand curve:
  Marginal cost is constant at $8 per unit.
-Refer to Table 15-1.The monopolist's profit-maximizing level of output is
A) 3 units. 
B) 4 units. 
C) 5 units. 
D) 6 units.

Quizplus · Accepted Answer

The Answer of Table 15-1
A monopolist faces the following demand curve:
  Marginal cost is constant at $8 per unit.
-Refer to Table 15-1.The monopolist's profit-maximizing level of output is
A) 3 units. 
B) 4 units. 
C) 5 units. 
D) 6 units.

Table 15-1 A Monopolist Faces the Following Demand Curve