Suppose the marginal cost for the 1,000^th unit of a monopolist's output is $40,marginal revenue is $30,the average variable cost of producing 1,000 units is $30,and the average total cost is $50.In order to maximize profit or minimize loss in the short run,the firm should _____ A)shut down. B)continue to produce 1,000 units. C)produce fewer than 1,000 units but still operate. D)produce more than 1,000 units. E)increase its plant size to gain economies of scale.

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The Answer of Suppose the marginal cost for the 1,000^th unit of a monopolist's output is $40,marginal revenue is $30,the average variable cost of producing 1,000 units is $30,and the average total cost is $50.In order to maximize profit or minimize loss in the short run,the firm should _____ A)shut down. B)continue to produce 1,000 units. C)produce fewer than 1,000 units but still operate. D)produce more than 1,000 units. E)increase its plant size to gain economies of scale.

Suppose the Marginal Cost for the 1,000th Unit of a Monopolist's

Suppose the Marginal Cost for the 1,000^th Unit of a Monopolist's