Table 15-4
Consider the following demand and cost information for a monopoly.

-Refer to Table 15-4.The maximum profit this monopolist can earn is
A) $5.
B) $15.
C) $16.
D) $28.

Question

Table 15-4
Consider the following demand and cost information for a monopoly.
 
-Refer to Table 15-4.The maximum profit this monopolist can earn is
A) $5. 
B) $15. 
C) $16. 
D) $28.

Quizplus · Accepted Answer

The maximum profit for a monopolist is achieved where marginal cost equals marginal revenue. Based on the given options, $28 is likely the maximum profit calculated from the table data.

Table 15-4 Consider the Following Demand and Cost Information for a Monopoly