-Refer to the above table. Given the demand and cost schedules, what are the maximum economic profits for this monopolist?
A) $155
B) $143
C) $175
D) $164

Question

-Refer to the above table. Given the demand and cost schedules, what are the maximum economic profits for this monopolist?
A) $155 
B) $143 
C) $175 
D) $164

Quizplus · Accepted Answer

The maximum economic profits for a monopolist occur where marginal cost equals marginal revenue. By analyzing the demand and cost schedules, the monopolist can determine the price and quantity that maximizes profit, which results in $175.

-Refer to the Above Table