-The figure above shows the demand,marginal revenue,and marginal cost curves for Paul's Parrot pillows,a single-price monopoly producer of pillows stuffed with parrot feathers.When Paul maximizes his profit,his total economic profit is
A) $60.
B) $405.
C) $0.
D) $210,000.
E) unknown because more information is needed to determine Paul's profit.

Question

-The figure above shows the demand,marginal revenue,and marginal cost curves for Paul's Parrot pillows,a single-price monopoly producer of pillows stuffed with parrot feathers.When Paul maximizes his profit,his total economic profit is
A) $60. 
B) $405. 
C) $0. 
D) $210,000. 
E) unknown because more information is needed to determine Paul's profit.

Quizplus · Accepted Answer

Without the figure or specific numerical values for price, quantity, and costs, it is impossible to calculate the total economic profit.

-The Figure Above Shows the Demand,marginal Revenue,and Marginal Cost Curves