Table: Monopolist $$\begin{array} { c c c }
\hline \text { Output } & \text { Total Revenue } & \text { Marginal Cost } \
\hline 1 & \$ 20 & \$ 10 \
2 & 50 & 10 \
3 & 70 & 10 \
4 & 80 & 10 \
5 & 85 & 10 \
6 & 88 & 10 \
7 & 90 & 10 \
\hline
\end{array}$$ Refer to the table. What is the monopolist's profit-maximizing level of output?
A) 3
B) 4
C) 5
D) 6

Question

Table: Monopolist $$\begin{array} { c c c } 
\hline \text { Output } & \text { Total Revenue } & \text { Marginal Cost } \
\hline 1 & \$ 20 & \$ 10 \
2 & 50 & 10 \
3 & 70 & 10 \
4 & 80 & 10 \
5 & 85 & 10 \
6 & 88 & 10 \
7 & 90 & 10 \
\hline
\end{array}$$ Refer to the table. What is the monopolist's profit-maximizing level of output?
A) 3
B) 4
C) 5
D) 6

Quizplus · Accepted Answer

The Answer of Table: Monopolist $$\begin{array} { c c c } 
\hline \text { Output } & \text { Total Revenue } & \text { Marginal Cost } \
\hline 1 & \$ 20 & \$ 10 \
2 & 50 & 10 \
3 & 70 & 10 \
4 & 80 & 10 \
5 & 85 & 10 \
6 & 88 & 10 \
7 & 90 & 10 \
\hline
\end{array}$$ Refer to the table. What is the monopolist's profit-maximizing level of output?
A) 3
B) 4
C) 5
D) 6

Table: Monopolist Refer to the Table