The following question are based on the following diagram of a monopolist:

-To maximize profits,the firm will produce an output rate of
A) 0A.
B) 0B.
C) 0C.
D) 0D.
E) 0E.

Name: The following question are based on the following diagram of a monopolist: -To maximize profits,the firm will produce an output rate of A) 0A. B) 0B. C) 0C. D) 0D. E) 0E.
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Question

The following question are based on the following diagram of a monopolist:
 
-To maximize profits,the firm will produce an output rate of
A) 0A. 
B) 0B. 
C) 0C. 
D) 0D. 
E) 0E.

Quizplus · Accepted Answer

The profit-maximizing output rate is where marginal cost equals marginal revenue. In the graph, this occurs at point A.

The Following Question Are Based on the Following Diagram of a Monopolist