Exhibit 9-2 Demand and cost information for a monopoly
$$\begin{array} { | l | c | c | }
\hline \mathbf { Q } & \mathbf { P } & \mathbf { T C } \
\hline 0 & 40 & 10 \
1 & 30 & 15 \
2 & 20 & 25 \
3 & 10 & 40 \
4 & 0 & 60 \
\hline
\end{array}$$
-Refer to Exhibit 9-2. Using the rule that focuses on the marginal approach to maximizing profits, the monopolist maximizes profit by choosing price equal to:
A) $40.
B) $20.
C) $0.
D) $10.
E) $30.

Question

Exhibit 9-2 Demand and cost information for a monopoly
$$\begin{array} { | l | c | c | } 
\hline \mathbf { Q } & \mathbf { P } & \mathbf { T C } \
\hline 0 & 40 & 10 \
1 & 30 & 15 \
2 & 20 & 25 \
3 & 10 & 40 \
4 & 0 & 60 \
\hline
\end{array}$$
-Refer to Exhibit 9-2. Using the rule that focuses on the marginal approach to maximizing profits, the monopolist maximizes profit by choosing price equal to:
A) $40.
B) $20.
C) $0.
D) $10.
E) $30.

Quizplus · Accepted Answer

The Answer of Exhibit 9-2 Demand and cost information for a monopoly
$$\begin{array} { | l | c | c | } 
\hline \mathbf { Q } & \mathbf { P } & \mathbf { T C } \
\hline 0 & 40 & 10 \
1 & 30 & 15 \
2 & 20 & 25 \
3 & 10 & 40 \
4 & 0 & 60 \
\hline
\end{array}$$
-Refer to Exhibit 9-2. Using the rule that focuses on the marginal approach to maximizing profits, the monopolist maximizes profit by choosing price equal to:
A) $40.
B) $20.
C) $0.
D) $10.
E) $30.

Exhibit 9-2 Demand and Cost Information for a Monopoly -Refer to Exhibit 9-2