-Refer to the above table. Given the demand and cost schedules, what is the profit-maximizing price for this monopolist?
A) $9
B) $12
C) $11
D) $10

Question

-Refer to the above table. Given the demand and cost schedules, what is the profit-maximizing price for this monopolist?
A) $9 
B) $12 
C) $11 
D) $10

Quizplus · Accepted Answer

The profit-maximizing price for a monopolist is determined by where marginal revenue (MR) equals marginal cost (MC). Without the specific table data, we typically look for the quantity where MR=MC and then find the corresponding price from the demand schedule. Since the exact table data is not provided, assuming D is the correct answer implies that at a price of $10, the monopolist's MR equals MC, leading to maximum profit.

-Refer to the Above Table