Refer to the data for a nondiscriminating monopolist. At its profit-maximizing output, this firm's price will exceed its marginal cost by ____ and its average total cost by ____.
A)$20; $27.33
B)$10; $10.40
C)$24; $27.33
D)$30; $20.50

Question

Refer to the data for a nondiscriminating monopolist. At its profit-maximizing output, this firm's price will exceed its marginal cost by ____ and its average total cost by ____.
A)$20; $27.33 
B)$10; $10.40 
C)$24; $27.33 
D)$30; $20.50

Quizplus · Accepted Answer

The Answer of  Refer to the data for a nondiscriminating monopolist. At its profit-maximizing output, this firm's price will exceed its marginal cost by ____ and its average total cost by ____.
A)$20; $27.33 
B)$10; $10.40 
C)$24; $27.33 
D)$30; $20.50

Refer to the Data for a Nondiscriminating Monopolist