Exhibit 9-3 Demand and cost curves for GeneTech, a monopolist with a patented vaccine

-In Exhibit 9-3, how much vaccine should GeneTech produce to maximize its profit?
A) 300 doses per hour.
B) 400 doses per hour.
C) Between 400 and 500 doses per hour.
D) 500 doses per hour.

Question

Exhibit 9-3 Demand and cost curves for GeneTech, a monopolist with a patented vaccine ​

-In Exhibit 9-3, how much vaccine should GeneTech produce to maximize its profit?
A) 300 doses per hour. 
B) 400 doses per hour. 
C) Between 400 and 500 doses per hour. 
D) 500 doses per hour.

Quizplus · Accepted Answer

The Answer of Exhibit 9-3 Demand and cost curves for GeneTech, a monopolist with a patented vaccine ​

-In Exhibit 9-3, how much vaccine should GeneTech produce to maximize its profit?
A) 300 doses per hour. 
B) 400 doses per hour. 
C) Between 400 and 500 doses per hour. 
D) 500 doses per hour.

Exhibit 9-3 Demand and Cost Curves for GeneTech, a Monopolist