-Refer to the above table. Given the demand and cost schedules, what is the profit maximizing quantity for this monopolist?
A) 15
B) 20
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) 15 
B) 20 
C) 25 
D) 30

Quizplus · Accepted Answer

To maximize profit, a monopolist will produce at the quantity where marginal revenue (MR) equals marginal cost (MC). Without the specific table data, we typically look for the point where the additional revenue from selling one more unit equals the additional cost of producing that one more unit. Given the choices, and assuming the table data supports this, the correct answer is inferred based on the typical approach to such questions.

-Refer to the Above Table