Figure: The Profit-Maximizing Output and Price
(Figure: The Profit-Maximizing Output and Price) Look at the figure The Profit-Maximizing Output and Price.Assume there are no fixed costs and AC = MC.At the profit-maximizing quantity of production for the monopolist, total revenue is ________, total cost is ,
and profit is _.
A.$600; $200; $400
B.$1,600; $3,200; $1,600
C.$4,800; $3,200; $1,600
D.$4,800; $1,600; $3,200

Question

Figure: The Profit-Maximizing Output and Price
  (Figure: The Profit-Maximizing Output and Price) Look at the figure The Profit-Maximizing Output and Price.Assume there are no fixed costs and AC = MC.At the profit-maximizing quantity of production for the monopolist, total revenue is ________, total cost is ,
and profit is _. 
A.$600; $200; $400
B.$1,600; $3,200; $1,600
C.$4,800; $3,200; $1,600
D.$4,800; $1,600; $3,200

Quizplus · Accepted Answer

The Answer of Figure: The Profit-Maximizing Output and Price
  (Figure: The Profit-Maximizing Output and Price) Look at the figure The Profit-Maximizing Output and Price.Assume there are no fixed costs and AC = MC.At the profit-maximizing quantity of production for the monopolist, total revenue is ________, total cost is ,
and profit is _. 
A.$600; $200; $400
B.$1,600; $3,200; $1,600
C.$4,800; $3,200; $1,600
D.$4,800; $1,600; $3,200

Figure: the Profit-Maximizing Output and Price