Figure 10-9
Figure 10-9 shows the demand and cost curves for a monopolist.
-Refer to Figure 10-9.At the profit-maximizing quantity,what is the difference between the monopoly's price and the marginal cost of production?
A) $8
B) $11.50
C) $21
D) There is no difference.

Question

Figure 10-9
  Figure 10-9 shows the demand and cost curves for a monopolist.
-Refer to Figure 10-9.At the profit-maximizing quantity,what is the difference between the monopoly's price and the marginal cost of production?
A) $8 
B) $11.50 
C) $21 
D) There is no difference.

Quizplus · Accepted Answer

The Answer of Figure 10-9
  Figure 10-9 shows the demand and cost curves for a monopolist.
-Refer to Figure 10-9.At the profit-maximizing quantity,what is the difference between the monopoly's price and the marginal cost of production?
A) $8 
B) $11.50 
C) $21 
D) There is no difference.

Figure 10-9 Figure 10-9 Shows the Demand and Cost Curves