-Refer to the above table. Given the demand and cost schedules, what is the profit maximizing quantity for this monopolist?
A) 14
B) 19
C) 25
D) 30

Question

-Refer to the above table. Given the demand and cost schedules, what is the profit maximizing quantity for this monopolist?
A) 14 
B) 19 
C) 25 
D) 30

Quizplus · Accepted Answer

The profit-maximizing quantity for a monopolist is determined where marginal revenue (MR) equals marginal cost (MC). Without the specific table data, we typically look for the quantity where MR and MC intersect or are closest to each other. Given the choices, assuming a standard downward-sloping demand curve and upward-sloping MC curve, the choice provided (C) 25, is selected as a placeholder for the correct answer based on typical economic theory.

-Refer to the Above Table