Consider the following: The profit-maximizing price charged for goods produced is $11.The intersection of the demand curve and the marginal-cost curve occurs where output is 15 units and average total cost is $6.What is the monopolist's profit under these conditions
A)$75
B)$100
C)$120
D)$180

Question

Quizplus · Accepted Answer

The monopolist's profit is calculated as (Price - Average Total Cost) x Quantity. Here, it is ($11 - $6) x 15 = $75.

Consider the Following: the Profit-Maximizing Price Charged for Goods Produced