Figure 11-5
-In Figure 11-5, Crown Theater, a monopolist movie theater, will make a profit of ____ at its profit-maximizing price and quantity of theater tickets.

Question

Figure 11-5 
-In Figure 11-5, Crown Theater, a monopolist movie theater, will make a profit of ____ at its profit-maximizing price and quantity of theater tickets.

Quizplus · Accepted Answer

The profit for a monopolist is calculated by subtracting total costs from total revenues at the profit-maximizing quantity. Without the specific details from Figure 11-5, such as the price, quantity, cost, and revenue information, it's impossible to accurately determine the profit. However, based on common economic principles, the profit-maximizing point for a monopolist is where marginal cost equals marginal revenue. The correct answer would typically be derived from calculating the area between the price level and the average total cost curve at the profit-maximizing quantity. Since I can't see Figure 11-5, I can't provide the specific calculations, but the correct answer is chosen based on the premise of the question.

Figure 11-5 -In Figure 11-5, Crown Theater, a Monopolist Movie Theater, Will